---
schema_version: "secwatch.filing_event.v1"
accession: "0001133228-24-006505"
form_type: "8-K"
ticker: "GECC"
cik: "0001675033"
company_name: "Great Elm Capital Corp."
filed_at: "2024-07-10T23:59:59+00:00"
generated_at: "2026-05-31T22:09:59.728613+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Great Elm Capital issues $22M additional 8.50% notes due 2029 in registered direct offering

## Summary
- GECC issued $22M additional aggregate principal of 8.50% Notes due 2029 (GECCI) to an institutional investor.
- Notes mature April 30, 2029, bear 8.50% interest payable quarterly, and are unsecured obligations.
- Net proceeds ~$21.4M; proceeds for general corporate purposes, may redeem/repurchase other notes or repay bank borrowings.
- CEO Matt Kaplan: tack-on debt financing follows $12M equity raise at NAV, optimizes weighted average cost of capital.
- Prior $34.5M of same notes outstanding; total now $56.5M in 8.50% Notes due 2029.

## SEC filing metadata
- accession: 0001133228-24-006505
- form_type: 8-K
- ticker: GECC
- cik: 0001675033
- company_name: Great Elm Capital Corp.
- filed_at: 2024-07-10T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1675033/000113322824006505/0001133228-24-006505-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1675033/000113322824006505/gecc-html8113_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001133228-24-006505
- JSON: https://secwatch.observer/filing/0001133228-24-006505.json
- Plain text: https://secwatch.observer/filing/0001133228-24-006505.txt

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