Great Elm upsizes revolver to $50M, cuts rate to SOFR+2.50%

Great Elm Capital Corp.

Revolving facility increased from $25M to $50M, with option to raise to $90M.
Interest rate reduced to SOFR+2.50% from SOFR+3.00%.
Maturity extended to earlier of May 5, 2027 or May 31, 2026 if 5.875% notes not refinanced.
Minimum net assets covenant set at $80M.
CEO cites growing capital base and enhanced flexibility to fund risk-adjusted returns.

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