secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2024-04-17T23:59:59+00:00
Accession:  0001133228-24-003850
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000113322824003850/0001133228-24-003850-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000113322824003850/gecc-html7721_8k.htm
  HTML page:      https://secwatch.observer/filing/0001133228-24-003850

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