Gladstone Investment Corporation sets price for 6.875% Notes maturing in 2028.

Gladstone Investment Corporation recently revealed the pricing details of a registered direct offering of 6.875% Notes due in 2028, totaling $60.0 million in aggregate principal amount. The Notes have a maturity date set for November 1, 2028, and can be redeemed in full or in part before August 1, 2028, at par plus a premium, with subsequent redemptions at par plus accrued interest up to the date of redemption. Interest on the Notes will be set at 6.875% per year, with payments due on May 1 and November 1 each year, commencing on May 1, 2026. Notably, the Company has no plans to list the Notes on any stock exchange or automated dealer quotation system. B. Riley Securities served as the exclusive book-running manager for the offering.

The finalization of the transaction is contingent on standard closing conditions and the expected delivery date for the Notes is around November 10, 2025. The funds raised from this offering are earmarked for repaying a portion of the Company’s existing revolving credit facility, as well as for financing new investment opportunities and general corporate purposes. The Company intends to borrow once more under its credit facility to make investments in portfolio companies as per its investment objectives, subject to the availability of suitable investment opportunities aligning with its goals and market conditions.

Potential investors are urged to carefully evaluate the investment objectives, risks, charges, and expenses associated with the Company before making any investment decisions. Detailed information can be found in the prospectus supplement dated November 6, 2025, and the accompanying prospectus dated April 18, 2024, which have been filed with the U.S. Securities and Exchange Commission (SEC) and should be reviewed thoroughly prior to investing. This offering is being carried out as a public offering under the Company’s effective shelf registration statement on file with the SEC.

This announcement does not constitute an offer to sell or a solicitation to buy securities, nor will any sales be made in jurisdictions where such actions are deemed unlawful. Interested parties can obtain a copy of the prospectus supplement and accompanying document by contacting B. Riley Securities, Inc. at the provided address, telephone number, or email address.

Gladstone Investment Corporation, a publicly traded business development company, focuses on making secured debt and equity investments in lower middle market businesses in the U.S. related to acquisitions, changes in control, and recapitalizations. The Company cautioned that forward-looking statements made in this press release involve inherent risks and uncertainties, which may lead to actual results differing from initial projections. It is emphasized that no guarantees can be made regarding the completion of the offering and the application of the net proceeds.

The Company stands committed to providing updates or revisions of forward-looking statements as necessary and required by law. Interested parties are encouraged to review the Company’s filings with the SEC for a detailed discussion of potential risks it may encounter. For further information, individuals can contact Gladstone Investment Corporation directly at (703) 287-5893.