Gladstone Capital Corporation Invests in eCommerce Business
MCLEAN, Va., July 29, 2016 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (NASDAQ:GLAD) (“Gladstone Capital”) announced that it has completed a debt investment in IA Tech, LLC (“IA Tech”).
Headquartered in Atlanta, GA, IA Tech owns a portfolio of eCommerce and digital marketing businesses serving outdoor enthusiast communities.
“IA Tech has established an impressive market position and is continuing to execute on a number of complementary business extensions and compelling opportunities. We are excited to provide debt financing to the IA Tech team as it continues to expand into new markets,” said Mike McQuigg, 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 secured first and second lien term loans to 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.
For further information: Gladstone Capital Corporation, 703-287-5893
The statements in this press release regarding the longer-term prospects of IA Tech and its management team, and the ability of IA Tech to grow and expand 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 the Company'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.
Released July 29, 2016