Gladstone Capital Corporation Invests in Food Processor
MCLEAN, Va., Aug. 26, 2015 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (NASDAQ:GLAD) ("Gladstone Capital") announces today that on August 21, 2015, it invested $9.75 million through a combination of secured senior debt and an equity co-investment to support Alta Equity Partners' recapitalization of a company in the food processing and co-packing industry. The company provides co-packing services to a wide variety of branded and private label liquid and related food products.
"Gladstone Capital is pleased to support Alta Equity Partners and the existing management team to build on the outstanding foundation put into place by the current team," said Dave Meier, 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, second lien and senior subordinated term loans in small and medium sized businesses in the United States. Information on the business activities of Gladstone Capital and 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.
CONTACT: Gladstone Capital Corporation 703-287-5893
Released August 26, 2015