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$8,750,000

 
Senior Subordinated Debt  
Equity Co-Investment  

Gladstone Capital Corporation (NASDAQ: GLAD) invested $8.75 million through a combination of debt and equity to support the acquisition of Southern Petroleum Laboratories, Inc. by Hastings Equity Partners, certain funds advised by Jordan/Zalaznick Advisers, Inc. and The Edgewater Funds.

Founded in 1944 and headquartered in Houston, TX, SPL provides the oil and gas production industry with independent lab, measurement and field meter services. Customers use this information to support refining plans, to determine the value of the oil and gas when it is sold, and to satisfy regulatory filing requirements. SPL also provides well production allocation services. Based on SPL's quantity, quality and composition measurements of fluids that are comingled from multiple wells, clients use SPL to allocate the wells' royalty stream payments to the appropriate landowners who tend to differ by well.

"SPL is a recognized leader in the oil and gas production industry. We see many opportunities for growth, driven by the increasing activity in this sector of the energy industry and by geographic expansion. Gladstone Capital looks forward to working with Hastings, JZAI, Edgewater and the SPL management team to support the continued growth of this business." said John Freal, a Managing Director of Gladstone Capital.


For more information on Southern Petroluem Laboratories, Inc. please visit www.spl-inc.com

 
         
   
 
    For more information on this transaction please contact:     
   

Bob Marcotte
President
(703) 287-5857

John Freal
Managing Director
(703) 287-5805

   
   
 
   

Overview
Gladstone Capital Corporation (NASDAQ:GLAD) is one of The Gladstone Companies' family of publicly traded investment funds, which currently total approximately $1.4 billion of assets under management. The Gladstone Companies have a long history of middle market investing in both private equity sponsored and owner operated businesses. The firm was founded in 2001 on the basic principles that teamwork, dedication and experience are essential ingredients to be able to deliver added value financing solutions and support its investments as a financial partner.

Investment Focus
GLAD's investment focus is to deliver debt capital to established domestic businesses with attractive fundamentals in the lower middle market. We support private equity sponsors and management teams with capital for growth, acquisitions and recapitalization opportunities. By leveraging GLAD's industry experience and an attentive lower middle market focus, we are able to deliver customized debt capital solutions using a combination of senior, unitranche, second-lien and subordinated debt and equity co-investments.

 
   
 
 

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1521 Westbranch Drive · Suite 100 · McLean, VA 22102
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