On October 5, 2012, Gladstone Investment Corporation (the "Company"), through one of its wholly-owned subsidiaries, Gladstone Business Investment, LLC, entered into an amendment (the "Amendment") to the fourth amended and restated credit agreement, originally entered into on October 26, 2011 (the "Credit Facility"), which extended the maturity date on the credit facility one year.

The Credit Facility was arranged by Branch Banking and Trust Company ("BB&T") and Key Equipment Finance, Inc. as Joint Lead Arrangers and Managing Agents, and BB&T as Administrative Agent. The Credit Facility was scheduled to mature on October 25, 2014 (the "Maturity Date"), and, if not renewed or extended by the Maturity Date, all principal and interest would have been due and payable on or before October 25, 2015 (one year after the Maturity Date).

As a result of the Amendment, the Credit Facility is now scheduled to mature on October 25, 2015 (the "Extended Maturity Date") and, if not renewed or extended by the Extended Maturity Date, all principal and interest would have been due and payable on or before October 25, 2016 (one year after the Extended Maturity Date). There remains a one-year extension option to be agreed upon by all parties, which may be exercised on or before October 26, 2013.

The Company incurred fees of approximately $0.2 million in connection with this Amendment.

The foregoing description of the Credit Facility is not complete and is qualified in its entirety by the full text thereof, which is filed as an exhibit to this Current Report on Form 8-K as Exhibit 10.1, and is incorporated by reference herein.

(d) Exhibits.

Exhibit
  No.                                     Description

10.1         Amendment No. 1 to Gladstone Business Investment, LLC Credit
             Agreement, dated October 5, 2012, by and among Gladstone Business
             Investment, LLC as Borrower, Gladstone Management Corporation as
             Servicer, the Committed Lenders named therein, the Managing Agents
             named therein, and Branch Banking and Trust Company as Administrative
             Agent.