GLAD Updated Projections: Includes Baby Bond "GLADL"
Summary
I have updated the projections for GLAD to take into account the additional $50 million of 2026 Notes closed March 10, 2021, issued above par for YTM of 4.288%.
Included in the projections are the updated "asset coverage" and "interest expense coverage" ratios for investors interested in its Baby Bond "GLADL"
Given the recent note issuance, I would…