UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 16, 2007
Gladstone Capital Corporation
(Exact name of registrant as specified in its chapter)
Maryland 814-00237 54-2040781
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1521 Westbranch Drive, Suite 200
McLean, Virginia 22102
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 287-5800
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events.
On October 16, 2007, Gladstone Capital Corporation (NASDAQ: GLAD) (the
"Company") announced the sale of 2,500,000 shares of common stock to the public
pursuant to the Company's existing shelf registration statement previously filed
with, and declared effective by, the U.S. Securities and Exchange Commission.
Pricing was set at $18.70 per share, and net proceeds from the offering, after
deducting expenses, are expected to be approximately $43,745,000 (assuming no
exercise of the underwriter's over-allotment option). The proceeds will be used
for the repayment of existing short-term debt under the Company's line of
credit.
The underwriter of the offering is Deutsche Bank Securities Inc.
A copy of the press release announcing the transaction is filed as Exhibit 99.1
to this report and is incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
Exhibit No. Description
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99.1 Press release dated October 16, 2007
EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated October 16, 2007
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Gladstone Capital Corporation
(Registrant)
October 16, 2007 By:/s/ Harry Brill
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(Harry Brill, Chief Financial Officer)