secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2023-11-27T23:59:59+00:00
Accession:  0000950170-23-066042
Event type: debt
Sentiment:  positive
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000095017023066042/0000950170-23-066042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000095017023066042/gecc-20231122.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-066042

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