Gladstone Capital Corporation Invests $8.94 Million in Ashland Acquisition LLC
MCLEAN, Va., July 8, 2013 /PRNewswire/ -- Gladstone Capital Corporation (NASDAQ: GLAD) announced today that on July 2, 2013, it provided $8.94 million of debt and equity financing to Ashland Acquisition LLC, which provides publisher services (through its operating subsidiary) including digital and offset printing, warehousing, distribution, content services and marketing services.
"The team at Gladstone is pleased to be partnering with the leaders at Ashland Acquisition in support of their strategic growth initiatives in the publisher services industry. As the industry continues to evolve, we look forward to the company taking advantage of key opportunities that will build on their existing strengths of reputation and quality delivery," said Jennifer C. Simpson, a Managing Director of Gladstone Capital.
Gladstone Capital Corporation is a publicly traded business development company that invests in debt and equity securities consisting primarily of senior term loans, second lien term loans, and senior subordinated term loans in small and medium-sized U.S. businesses. Gladstone Capital has paid 117 consecutive monthly cash distributions on its common stock. Before paying monthly distributions on the common stock, Gladstone Capital paid eight consecutive quarterly cash distributions.
Information on the business activities of all the Gladstone funds can be found at www.gladstonecompanies.com. For Investor Relations inquiries related to any of the monthly dividend paying Gladstone funds, please visit www.gladstone.com.
Forward Looking Statements:
The statements in this press release regarding opportunities for growth and other statements that are not historical facts are "forward-looking statements." These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on Gladstone Capital's current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in Gladstone Capital's filings with the Securities and Exchange Commission. Gladstone Capital undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or otherwise, except as required by law.
SOURCE Gladstone Capital Corporation