Gladstone Investment Corporation Prices $60mln 6.875% Notes Due 2028

Gladstone Investment Corporation has priced a $60m offering of 6.875% Notes due 2028, with a maturity date of November 1, 2028. The company plans to use the proceeds to repay a portion of its revolving credit facility, fund new investment opportunities, and for other general corporate purposes. The Notes will bear interest at a rate of 6.875% per year, payable on May 1 and November 1 of each year. B. Riley Securities acted as the sole book-running manager for this offering.