secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2025-08-13T23:59:59+00:00
Accession:  0000950103-25-010214
Event type: debt
Sentiment:  positive
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095010325010214/0000950103-25-010214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095010325010214/dp232978_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-25-010214

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer