UPDATE–The company priced their new $1,000 notes at 5.125%. Press release is here.
Additionally the company has called the 6.125% baby bonds (GLADD) on 1/7/2021.
Business Development Company Gladstone Capital (GLAD) will be selling an issue of $1,000 notes.
Unfortunately the company will be calling all or a portion of the $25/share 6.125% GLADD notes due in 2023. The early redemption period for these notes started on 11/1/2020.
So another decent issue ‘bites the dust’. GLADD is trading at $25.33 right now so there will be no loss on the call.
The preliminary prospectus with the call language can be found here.