Gladstone Investment Corp. Invests $18.5M Of Secured First Lien Debt To Complete The Transaction In Nocturne Luxury Villas By Acquiring Grand Cayman Villas And Condos
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Gladstone Investment Corporation (NASDAQ:GAIN) has invested $18.5 million in secured first lien debt to support its equity position in Nocturne Luxury Villas through the acquisition of Grand Cayman Villas and Condos. This move aims to enhance Nocturne's portfolio with over 180 exclusive properties in Grand Cayman.
August 05, 2024 | 12:50 pm
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Gladstone Investment Corporation has invested $18.5 million in secured first lien debt to support its equity position in Nocturne Luxury Villas through the acquisition of Grand Cayman Villas and Condos. This strategic move is expected to enhance Nocturne's portfolio with over 180 exclusive properties in Grand Cayman.
The investment of $18.5 million in secured first lien debt by Gladstone Investment Corporation to acquire Grand Cayman Villas and Condos is a significant move to enhance its portfolio company, Nocturne Luxury Villas. This acquisition is likely to strengthen Nocturne's market position and potentially increase revenue, positively impacting GAIN's stock price in the short term.
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