GLADSTONE CAPITAL CORP - 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Gladstone Capital Corporation on April 14, 2009. The report details a material definitive agreement entered into by the Company through its wholly-owned subsidiary, Gladstone Business Loan LLC.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, or liquidity figures. The primary financial metric disclosed relates to the Company's debt facility:
- Revolving Credit Facility: Reduced from $300 million to $162 million.
- Lenders: Deutsche Bank, A.G., KeyBank, National Association, and Branch Banking and Trust Company.
- Effective Date: April 14, 2009.
Material Changes
The Company elected to exercise its rights to reduce the size of its revolving credit facility by $138 million. This reduction became effective on the date of the report.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies beyond the execution of the credit facility reduction.
Investor Verification Checklist
- Verify the current outstanding balance on the reduced $162 million facility.
- Confirm the interest rate and fee structure applicable to the remaining facility.
- Review subsequent filings for any further amendments to the credit agreement.