{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-066042","form_type":"8-K","ticker":"GECC","cik":"0001675033","company_name":"Great Elm Capital Corp.","filed_at":"2023-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.025482+00:00","generated_at":"2026-06-07T21:30:19.154885+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Great Elm Capital Corp. extends revolver to 2027, cuts rate by 50 bps","bullets":["Amended $25M revolving credit facility; maturity extended from May 2024 to May 2027 with springing maturity tied to note refinancings.","Interest rate reduced by 50 bps to SOFR + 3.00% (or base rate + 2.00%) subject to minimum deposit condition.","If minimum deposit test not met: SOFR + 4.00% or base rate + 3.00%.","CEO says extension provides capital structure flexibility and reflects lender confidence."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-066042","json":"https://secwatch.observer/filing/0000950170-23-066042.json","markdown":"https://secwatch.observer/filing/0000950170-23-066042.md","text":"https://secwatch.observer/filing/0000950170-23-066042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1675033/000095017023066042/0000950170-23-066042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1675033/000095017023066042/gecc-20231122.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T21:30:19.154885+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2c0a2f74bc1ee36de03f9f603df6087a297670e3","claim":"Great Elm Capital Corp. amended Loan Agreement with City National Bank (effective 2023-11-22).","evidence_excerpt":"On November 22, 2023, Great Elm Capital Corp. (the “Company”) entered into an amendment (the “Amendment”) to the Company’s Loan, Guarantee and Security Agreement, dated as of May 5, 2021 (as amended, restated, amended and restated, supplemented or otherwise modified, the “Loan Agreement”), with City National Bank, as lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1675033/000095017023066042/0000950170-23-066042-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"City National Bank"},{"label":"Effective","value":"2023-11-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}