Business Context and Reporting Period
This Form 8-K Current Report was filed by Gladstone Capital Corporation on August 9, 2011. The filing discloses a material definitive agreement entered into on the same date regarding the company's credit facilities.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, or cash flow data. The specific financial metrics disclosed relate to the company's debt capacity and transaction costs:
- Line of Credit Increase: The existing line of credit was increased from $127 million to $137 million.
- Lender Commitment: ING Capital LLC increased its commitment by $10 million.
- Transaction Fee: The Company paid a $35,000 fee in connection with the agreement.
Material Changes Versus Prior Period
The primary material change is the expansion of the Company's borrowing capacity by $10 million. All other terms of the existing line of credit remained unchanged from the prior period.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, or specific risk factors beyond the standard incorporation by reference of the full agreement text. The transaction was executed through the Company's wholly-owned subsidiary, Gladstone Business Loan, LLC.
Investor Verification Checklist
- Verify the full terms of the "Fourth Amended and Restated Credit Agreement" in Exhibit 10.1.
- Confirm the identity of the Managing Agents and Committed Lenders listed in the agreement.
- Review subsequent filings to determine if the increased credit line was drawn upon.