MCLEAN, Va., May 14, 2014 (GLOBE NEWSWIRE) — Gladstone Capital Corporation (GLAD) (the “Company”) today announced that it has entered into an agreement to sell 2,200,000 shares of its newly designated 6.75% Series 2021 Term Preferred Shares (the “Series 2021 Term Preferred Shares”) at a public offering price of $25.00 per share, raising $55.0 million in gross proceeds and approximately $52.8 million in net proceeds after payment of underwriting discounts and commissions and estimated expenses of the offering payable by the Company. The Company has also granted the underwriters a 30-day option to purchase 240,000 additional Series 2021 Term Preferred Shares on the same terms and conditions to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on or about May 20, 2014. The Company anticipates its Series 2021 Term Preferred Shares will trade on the NASDAQ Global Select Market under the symbol GLADO. Janney Montgomery Scott LLC and Sterne, Agee & Leach, Inc. are serving as joint book-running managers. J.J.B. Hilliard, W.L. Lyons, LLC, Wunderlich Securities, Inc., Boenning & Scattergood, Inc., Ladenburg Thalmann & Co. Inc. and Maxim Group LLC are serving as co-managers for the offering.