Company: GAINI
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001321741-25-000018
Chunk: 148

Company: GLADSTONE INVESTMENT CORPORATION\DE
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 148
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 our Credit Facility as of June 30, 2025 and March 31, 2025 and for the three months ended June 30, 2025 and 2024, as required by ASC 820: Level 3 – BorrowingsRecurring Fair Value MeasurementsReported in ConsolidatedStatements of Assets and Liabilities Using Significant Unobservable Inputs (Level 3)June 30, 2025March 31, 2025Credit Facility$62,269 $— 

32

Fair Value Measurements of Borrowings Using Significant Unobservable Inputs (Level 3) Reported in Consolidated Statements of Assets and LiabilitiesCredit FacilityThree Months Ended June 30, 2025:Fair value at March 31, 2025$— Borrowings77,500 Repayments(15,500)Unrealized appreciation269 Fair value at June 30, 2025$62,269 

Fair Value Measurements of Borrowings Using Significant Unobservable Inputs (Level 3)Reported in Consolidated Statements of Assets and LiabilitiesCredit FacilityThree Months Ended June 30, 2024:Fair value at March 31, 2024$67,000 Borrowings16,300 Repayments(19,600)Fair value at June 30, 2024$63,700 

The fair value of the collateral under our Credit Facility was $827.1 million and $764.7 million as of June 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 Company’s option. The 5.00% 2026 Notes bear interest at a rate of 5.00% per year, which is payable quarterly in arre