Date of Report (Date of earliest event reported) April 24, 2008
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Gladstone Capital Corporation (Exact name of registrant as specified in its chapter) |
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Maryland (State or other jurisdiction of incorporation) |
814-00237 (Commission File Number) |
54-2040781 (IRS Employer Identification No.) |
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1521 Westbranch Drive, Suite 200 McLean, Virginia (Address of principal executive offices) |
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Registrant’s telephone number, including area code: (703) 287-5800 |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement
On April 24, 2008, Gladstone Capital Corporation (the “Company”), through its wholly-owned subsidiary, Gladstone Business Loan LLC, amended its credit agreement which was originally established on May 19, 2003. In conjunction with this amendment, Gladstone Business Loan LLC, Gladstone Management Corporation (an affiliated entity), Deutsche Bank AG and certain other parties listed from time to time as committed lenders entered into the Amended and Restated Credit Agreement dated April 24, 2008 (the “Amendment”). The Amendment added Branch Banking and Trust Company (“BB&T”) as a Committed Lender, expanded the facility from $250 million to $300 million and modified existing definitions to the credit agreement.
In connection with this amendment, Gladstone Business Loan LLC paid a $100,000 amendment fee.
A copy of the Amendment No. 6 to the Amended and Restated Credit Agreement is filed herewith as Exhibit 10.1.
A copy of the Joinder Agreement to the Amended and Restated Credit agreement is filed herewith as Exhibit 10.2
Item 9.01. Financial Statements and Exhibits
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(a) |
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Not applicable. |
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(b) |
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Not applicable |
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(c) |
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Not applicable |
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(d) |
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Exhibit 10.1 – Amendment No. 6 to the Amended and Restated Credit Agreement by and among Gladstone Business Loan LLC, Deutsche Bank AG, and certain other parties, dated as of April 24, 2008. |
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Exhibit 10.2 – Joinder Agreement to the Amended and Restated Credit Agreement dated April 24, 2008. |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Gladstone
Capital Corporation |
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April 25, 2008 |
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By: /s/ Gresford Gray |
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(Gresford Gray, Chief Financial Officer) |
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