04:36 AM EST, 12/11/2024 (MT Newswires) -- Gladstone Investment ( GAIN ) said late Tuesday it has priced a public offering of $110.0 million worth of 7.875% notes due 2030.

The company said it also granted underwriters a 30-day option to purchase up to $16.5 million worth of additional notes to cover any over-allotments.

The transaction is expected to close on Dec. 17. The company said it intends to use proceeds from the offering to repay debt, to fund new investments, and for general corporate purposes.