GLADSTONE INVESTMENT CORPORATION\DE 8-K

What Happened

• On June 10, 2026, Gladstone Investment Corporation, through its subsidiary Gladstone Business Investment, LLC, entered into Amendment No. 13 to its Fifth Amended and Restated Credit Agreement with KeyBank National Association (agent), Fifth Third Bank, City National Bank, Gladstone Management Corporation (servicer), and other lenders.
• The amendment extends the revolving period and final maturity, adjusts interest pricing tied to 30‑day Term SOFR (with a 0.35% floor), increases the facility size, and updates certain covenants and change‑in‑control provisions.

Key Details

• Credit Facility size increased from $300.0 million to $405.0 million, with an option to raise the total maximum to $500.0 million.
• Revolving period extended to June 8, 2029; final maturity set for two years after the end of the revolving period.
• Interest on advances set at 30‑day Term SOFR (floor 0.35%) plus 2.85% per annum until June 8, 2029; margin rises to 3.10% from June 8, 2029 to June 8, 2030, and to 3.35% thereafter.
• The Credit Facility continues to include customary covenants, events of default and collateral-based borrowing tests; lenders and their affiliates may receive customary fees for services.

Why It Matters

• The amendment meaningfully increases Gladstone’s available liquidity and extends the borrowing runway, giving the company more capacity and time to deploy capital or manage refinancings.
• Lower effective margins until June 2029 reduce near-term borrowing costs, while scheduled margin increases thereafter are disclosed and should be considered in future financing plans.
• Investors should note this creates/adjusts a direct financial obligation for the company and retains standard covenant and collateral constraints that could affect borrowing availability. The full Amendment is filed as Exhibit 10.1 to the 8‑K.