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$16,000,000


Subordinated Debt
Preferred Equity
Common Equity

May 2012

 

Gladstone Capital Corporation provided debt and equity financing to support the acquisition of Francis Drilling Fluids, Ltd., by private equity sponsor Prophet Equity.

Francis Drilling Fluids, headquartered in Crowley, Louisiana, is a leading provider of logistics solutions for the U.S. oil and natural gas industry, specializing in the movement and warehousing of fracturing materials required for high-pressure, fracture stimulation for horizontal oil and natural gas drilling.

For more information on Francis Drilling Fluids, please visit www.fdfltd.com

 

"Gladstone Capital is pleased to support Prophet Equity and the experienced management team at Francis Drilling in this investment. We are excited to add another quality investment to our portfolio as we build our assets and earnings," said Chip Stelljes, President of Gladstone Capital.

For additional information on this transaction, you may contact either Chip Stelljes or Greg Bowie .

THE GLADSTONE COMPANIES
Leaders in private equity, debt and real estate financing, The Gladstone Companies are a family of public and private investment funds. The Gladstone funds invest in small and medium-sized companies and provide businesses the capital to fund growth, acquisitions and recapitalizations. Gladstone provides financing across the capital structure from second lien and mezzanine debt, to equity and real estate financing solutions.

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


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