MCLEAN, Va., Feb. 17, 2015 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (Nasdaq:GLAD) ("Gladstone Capital") announces today that on February 11, 2015, it invested $25.25 million through a combination of senior debt and an equity co-investment to support Arlington Capital Partners' investment in United Flexible Group ("United Flexible").
United Flexible is a global leader in the design, development, manufacture and support of performance critical flexible engineered solutions for the transfer of fluids and gases in extreme environments. The company is a proactive partner to blue chip OEMs operating in several attractive end-markets including aerospace/defense, satellite, power generation, general industrial, oil and gas, cooling, and transportation.
"Gladstone Capital is excited to support United Flexible, as the company provides products that are critical to the safe and effective operation of a variety of industrial equipment. We look forward to working with Arlington Capital and the management team at United Flexible and to supporting the continued growth of the business," said John Freal, a Managing Director of Gladstone Capital.
Gladstone Capital Corporation is a publicly traded business development company that invests primarily in senior and subordinated debt securities of small and medium sized U.S. businesses backed by private equity sponsors and owner operators. 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.
The statements in this press release regarding the longer-term prospects of United Flexible and its management team, and the ability of United Flexible 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.
For further information: Gladstone Capital Corporation, 703-287-5893
Source:Gladstone Capital Corporation