Great Elm Capital Corp. issues $50M of 7.75% Notes due 2030

Great Elm Capital Corp.

Issued $50M aggregate principal of 7.75% Notes due 2030; underwriters have option for additional $7.5M until Oct 4, 2025.
Net proceeds from offering ~$48.1M (~$55.4M if overallotment exercised).
Proceeds to redeem all outstanding 8.75% Notes due 2028; may also redeem/repurchase other notes or repay borrowings.
Notes mature Dec 31, 2030; bear interest at 7.75% payable quarterly starting Dec 31, 2025.
Notes are direct unsecured obligations of Great Elm Capital Corp.

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