---
schema_version: "secwatch.filing_event.v1"
accession: "0001133228-24-003850"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:43:25.045682+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Great Elm Capital Corp. issues $30M of 8.50% notes due 2029; net proceeds ~$28.6M

## Summary
- Issued $30M aggregate principal of 8.50% unsecured notes due April 30, 2029; up to $4.5M over-allotment option until May 9, 2024.
- Net proceeds ~$28.6M ($32.9M if over-allotment fully exercised); interest payable quarterly beginning June 30, 2024.
- Proceeds may be used for general corporate purposes or to redeem/repurchase existing 6.75% notes due 2025, 5.875% notes due 2026, or 8.75% notes due 2028, or repay borrowings.

## SEC filing metadata
- accession: 0001133228-24-003850
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000113322824003850/0001133228-24-003850-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000113322824003850/gecc-html7721_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001133228-24-003850
- JSON: https://secwatch.observer/filing/0001133228-24-003850.json
- Plain text: https://secwatch.observer/filing/0001133228-24-003850.txt

## Key facts
- Debt Financings
  Great Elm Capital Corp. incurred senior notes of $30.0 million aggregate principal amount at 8.50% per year maturing mature on April 30, 2029.
  - Instrument: senior notes
  - Principal: $30.0 million aggregate principal amount
  - Rate: 8.50% per year
  - Maturity: mature on April 30, 2029
  - Event: incurrence
  source text: between the Company and the Trustee (as supplemented by the Sixth Supplemental Indenture, the “Indenture”). The Sixth Supplemental Indenture relates to the Company’s issuance of $30.0 million aggregate principal amount of 8.50% notes due 2029 (the “Notes”) on the date hereof, plus up to an additional $4.5 million aggregate principal amount of Notes that may be issued
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675033/000113322824003850/0001133228-24-003850-index.htm
- Material Agreements
  Great Elm Capital Corp. entered into Sixth Supplemental Indenture with Equiniti Trust Company, LLC valued at $30,000,000 (effective 2024-04-17).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Equiniti Trust Company, LLC
  - Value: $30,000,000
  - Effective: 2024-04-17
  source text: On April 17, 2024, Great Elm Capital Corp. (the “Company”) and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as trustee (the “Trustee”), entered into a sixth supplemental indenture (the “Sixth Supplemental Indenture”) to the indenture, dated September 18, 2017, between the Company and the Trustee (as supplemented by the Sixth Supplemental Indenture, the “Indenture”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1675033/000113322824003850/0001133228-24-003850-index.htm

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