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Slide #7. Gladstone Capital Corporation — Edge Adhesives Holdings, Inc.
Gladstone Capital Corporation (NASDAQ:GLAD)
Edge Adhesives Holdings, Inc.
Gladstone Capital Corporation (NASDAQ: GLAD) ("Gladstone Capital") announced today that on February 28, 2014, it participated in the majority recapitalization of Edge Adhesives Holdings, Inc. ("Edge") from Superior Capital Partners. Gladstone Capital completed this transaction together with its affiliate, Gladstone Investment Corporation (NASDAQ: GAIN), as well as with Akoya Capital LLC ("Akoya"), and certain members of the executive management team. In addition to the equity capital necessary for the transaction, Gladstone Capital and Gladstone Investment also provided the debt financing.
Gladstone Capital is an externally managed, closed-end, non-diversified management investment company. Co.'s investment objectives are to: achieve and grow existing income by investing in debt securities of lower middle market companies (defined as companies with annual earnings before interest, taxes, depreciation and amortization of $3,000,000 to $15,000,000) in the United States; and provides its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, in connection with its debt investments.
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Hold (2.00 out of 4)
(ranked lower than approx. 97% of all stocks covered)
Based on Zacks ABR data;
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