Business Context and Reporting Period
This Form 8-K filing by Gladstone Investment Corporation covers the period ending October 19, 2006. The report details a material definitive agreement entered into by the Company through its wholly-owned subsidiary, Gladstone Business Investment LLC.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, or existing debt figures. The primary financial metric disclosed is the establishment of a new credit facility:
- Revolving Line of Credit: $100 million
- Administrative Agent: Deutsche Bank, A.G.
- Agreement Date: October 19, 2006
Material Changes
The material change reported is the execution of the $100 million revolving credit agreement. This represents a new liquidity source for the Company's subsidiary. No comparative financial data or changes in prior period metrics are included in this specific filing.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future performance, or a discussion of specific risks and contingencies beyond the standard disclosure of the new credit agreement. The Company issued a press release on October 23, 2006, to publicly announce this facility.
Investor Verification Checklist
- Verify the specific terms, interest rates, and covenants of the $100 million credit agreement (Exhibit 10.9).
- Confirm the utilization status of the new revolving line of credit.
- Review the October 23, 2006 press release (Exhibit 99.1) for additional context on the strategic use of these funds.
- Check subsequent filings for any drawdowns or amendments to this credit facility.