Company: GAINI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001321741-25-000022
Chunk: 54

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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30, 2025March 31, 2025Credit Facility$98,053 $— 

34

Fair Value Measurements of Borrowings Using Significant Unobservable Inputs (Level 3) Reported in Consolidated Statements of Assets and LiabilitiesCredit FacilityThree Months Ended September 30, 2025:Fair value at June 30, 2025$62,269 Borrowings75,800 Repayments(40,100)Unrealized appreciation84 Fair value at September 30, 2025$98,053 Six Months Ended September 30, 2025Fair value at March 31, 2025$— Borrowings153,300 Repayments(55,600)Unrealized appreciation353 Fair value at September 30, 2025$98,053 

Fair Value Measurements of Borrowings Using Significant Unobservable Inputs (Level 3)Reported in Consolidated Statements of Assets and LiabilitiesCredit FacilityThree Months Ended September 30, 2024:Fair value at June 30, 2024$63,700 Borrowings31,500 Repayments(86,300)Fair value at September 30, 2024$8,900 Six Months Ended September 30, 2024Fair value at March 31, 2024$67,000 Borrowings47,800 Repayments(105,900)Fair value at September 30, 2024$8,900 

The fair value of the collateral under our Credit Facility was $1.0 billion and $764.7 million as of September 30, 2025 and March 31, 2025, respectively.

Notes Payable5.00% Notes due 2026In March 2021, we completed a public offering of 5.00% Notes due 2026 with an aggregate principal amount of $127.9 million (the “5.00% 2026 Notes”), which resulted in net proceeds of approximately $123.8 million after deducting underwriting discounts, commissions and offering costs borne by us. The 5.00% 2026 Notes are traded under the ticker symbol “GAINN” on the Nasdaq Global Select Market (“Nasdaq”). The 5.00% 2026 Notes will mature on May 1, 2026 and may be redeemed in whole or in part at any time or from time to time at the