Gladstone Investment Corporation 8.00% Notes due 2028

Gladstone Investment Corporation focuses on mature, lower middle market companies in the United States, primarily in manufacturing, consumer products, and business services/distribution. It makes debt investments of $5 million to $30 million and equity investments of $10 million to $40 million. The fund targets companies with sales of $20 million to $100 million and EBITDA of $3 million to $20 million. It seeks minority or majority equity ownership, often with a board seat, and typically holds investments for seven years, exiting via sale, recapitalization, IPO, or sale to a third party.