Item 1.01 Entry into a Material Definitive Agreement.

On June 16, 2023, Gladstone Capital Corporation (the "Company"), through its wholly-owned subsidiary Gladstone Business Loan, LLC, entered into Amendment No. 4 (the "Amendment") to its Sixth Amended and Restated Credit Agreement with KeyBank National Association ("KeyBank"), as administrative agent, lead arranger and lender, Gladstone Management Corporation, the Company's Adviser, as servicer, and certain other lenders party thereto (together with the Amendment, the "Credit Facility").

Under the terms of the Amendment, the Credit Facility was amended to, among other things, extend the revolving period of the Credit Facility to October 30, 2025 and extend the final maturity date of the Credit Facility to two years after the termination of the revolving period. The interest rate margin is 3.00% during the revolving period and 3.50% thereafter, with a SOFR floor of 0.10%. The available borrowing commitments at close are $223.7 million and can be increased up to a maximum of $350.0 million pursuant to the accordion feature. In addition, the amendment provided for changes to certain excess concentration limits including a reduction in the fixed rate loan limit and an update to certain existing terms and covenants including certain change-in-control events. The Credit Facility continues to include customary terms, covenants, events of default and constraints on borrowing availability based on collateral tests for a credit facility of its size and nature.

KeyBank and the other lenders under the Credit Facility, and their respective affiliates, may from time to time receive customary fees and expenses in the performance of investment banking, financial advisory or other services for the Company. The foregoing summary of the Credit Facility is not complete and is qualified in its entirety by reference to the Credit Facility, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference into this Item 1.01.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 is hereby incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.





  (d) Exhibits.



Exhibit
  No.                                    Description

10.1          Amendment No. 4 to Sixth Amended and Restated Credit Agreement,
            dated as of June 16, 2023 by and among Gladstone Business Loan, LLC,
            as Borrower, Gladstone Management Corporation, as Servicer, KeyBank
            National Association, as administrative agent, swingline lender,
            managing agent and lead arranger and certain other lenders party
            thereto.

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