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$18,400,000


Senior Debt
Preferred Equity

December 2013

 

Gladstone Investment Corporation (NASDAQ: GAIN) and Gladstone Capital Corporation (NASDAQ: GLAD) provided an aggregate of $18.4 million of debt and equity financing to support the acquisition of Behrens Manufacturing, LLC ("Behrens") with the participation of Behrens' existing management team.

Founded in 1911 and based in Winona, MN, Behrens is a manufacturer and marketer of high quality, classic looking, utility products and containers. Behrens is the top supplier of steel cans, pails, tubs and watering cans in North America and offers the largest breadth of products in its industry.

For more information on Behrens Manufacturing, LLC, please visit www.behrensmfg.com.

 

"Gladstone is proud to be partnering with the talented and experienced management team at Behrens to help it continue to build on the growth that it has achieved over the past several years. We look forward to working with yet another great American company, and to helping Behrens' management team build on its impressive history of producing high quality products in the United States," said Kipp Kranbuhl, Director, Private Finance, of Gladstone Management Corporation, Gladstone Investment's affiliated investment adviser.

For additional information on this transaction you may contact Kipp Kranbuhl or Kristina Wilmer.

THE GLADSTONE COMPANIES
Leaders in private equity, debt and real estate ownership and financing, the Gladstone Companies are a family of public and private investment funds. Our funds as applicable, invest in small and medium-sized companies, commercial real estate, and farmland, providing financing to such businesses across the capital structure, from second lien and mezzanine debt to equity, as well as real estate financing solutions.

Financing for the Gladstone Companies is provided by four public investment vehicles: Gladstone Capital Corporation (NASDAQ: GLAD), Gladstone Investment Corporation (NASDAQ: GAIN), Gladstone Commercial Corporation (NASDAQ: GOOD), and Gladstone Land Corporation (NASDAQ: LAND).


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