debt
confidence high
sentiment neutral
materiality 0.60
Great Elm announces conditional redemption of 6.50% Notes due 2024; contingent on 8.75% Notes offering
Great Elm Capital Corp.
- Redeems all outstanding 6.50% Notes due 2024 on Sept 7, 2023, at 100% of principal plus accrued interest.
- Redemption conditional on closing public offering of 8.75% Notes due 2028 with sufficient proceeds.
- Aggregate accrued interest payable ~$518,039.65, or ~$0.30243 per note.
- Notes trade under NASDAQ: GECCN; proceeds from new notes fund redemption.