Gladstone Capital amended and extended its syndicated credit facility, with KeyBank acting as administrative agent, managing agent and lead arranger on the transaction.
Gladstone Capital, a BDC that invests in debt and equity securities in lower middle market businesses, completed the sale of one its investments and funded three new portfolio investments to close 2016.
Private equity firm Sand Oak Capital completed an investment in LCR Contractors. Gladstone Capital provided the financing, and Pinecrest Capital Partners acted as exclusive financial advisor to LCR.
Gladstone Capital invested $7.2 million through a combination of debt and equity to support Century Park Capital Partners’ acquisition of Mikawaya.
Gladstone Capital announced its board of directors elected Caren D. Merrick as a director to fill a vacancy in its Class of 2015. Merrick was also appointed a member of the company’s Audit Committee.
Gladstone Capital reported the appointment of Robert L. Marcotte as president of the company, effectively immediately. Marcotte was previously with MCG Capital as EVP/co-head of asset management.
Gladstone Capital invested $14 million through a combination of debt and equity in Ag Trucking. It was sponsored by 220.127.116.11 Investments.