---
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"
generated_at: "2026-06-07T21:30:19.154885+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Great Elm Capital Corp. extends revolver to 2027, cuts rate by 50 bps

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-066042
- JSON: https://secwatch.observer/filing/0000950170-23-066042.json
- Plain text: https://secwatch.observer/filing/0000950170-23-066042.txt

## Key facts
- Material Agreements
  Great Elm Capital Corp. amended Loan Agreement with City National Bank (effective 2023-11-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: City National Bank
  - Effective: 2023-11-22
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1675033/000095017023066042/0000950170-23-066042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.