Gladstone Capital invests in WadeCo Specialties

Gladstone Capital Corp.

Gladstone Capital Corp. (NASDAQ: GLAD) has invested $11.3 million through a combination of debt and equity to support a private equity sponsor's investment in WadeCo Specialties Inc.

Founded in 2005 and headquartered in Midland, Texas, WadeCo provides production well chemicals to oilwell operators used for corrosion prevention; separating oil, gas and water once extracted; bacteria growth management; and conditioning water utilized for hydraulic fracturing. WadeCo bases its individualized treatment programs on the unique characteristics of each well.

Gladstone Capital is a publicly traded business development company that invests in debt and equity securities, consisting primarily of senior term loans, second term lien loans, and senior subordinated term loans in small and medium sized businesses in the US.

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