{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-040060","form_type":"8-K","ticker":"GECC","cik":"0001675033","company_name":"Great Elm Capital Corp.","filed_at":"2023-08-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.817734+00:00","generated_at":"2026-06-11T08:32:58.398160+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Great Elm Capital Corp. issues $40M of 8.75% notes due 2028 to refinance existing debt","bullets":["Issued $40M aggregate principal of 8.75% notes due 2028 (up to $46M with over-allotment).","Net proceeds ~$38.4M ($44.7M if over-allotment exercised).","Proceeds to redeem all outstanding 6.50% notes due 2024 and for general corporate purposes.","Notes mature Sept 30, 2028; interest 8.75% payable quarterly starting Sept 30, 2023.","Notes are unsecured obligations, redeemable at par on/after Sept 30, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-040060","json":"https://secwatch.observer/filing/0001140361-23-040060.json","markdown":"https://secwatch.observer/filing/0001140361-23-040060.md","text":"https://secwatch.observer/filing/0001140361-23-040060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1675033/000114036123040060/0001140361-23-040060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1675033/000114036123040060/brhc20057563_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T08:32:58.398160+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ccef3f0e17a604fa34bd16a2dbcb6bcef915b0fa","claim":"Great Elm Capital Corp. incurred senior notes of $40.0 million aggregate principal amount with Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as trustee at 8.75% per year maturing September 30, 2028.","evidence_excerpt":"The Fifth Supplemental Indenture relates to the Company’s issuance of $40.0 million aggregate principal amount of 8.75% notes due 2028","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1675033/000114036123040060/0001140361-23-040060-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$40.0 million aggregate principal amount"},{"label":"Counterparty","value":"Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as trustee"},{"label":"Rate","value":"8.75% per year"},{"label":"Maturity","value":"September 30, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"b702a01bb1d91a516f3e0fe4512aa84aa01f3618","claim":"Great Elm Capital Corp. entered into Fifth Supplemental Indenture with Equiniti Trust Company, LLC valued at $40.0 million aggregate principal amount of 8.75% notes due 2028 (effective 2023-08-16).","evidence_excerpt":"On August 16, 2023, 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 fifth supplemental indenture (the \"Fifth Supplemental Indenture\") to the indenture, dated September 18, 2017, between the Company and the Trustee (as supplemented by the Fifth Supplemental Indenture, the \"Indenture\"). The Fifth Supplemental Indenture relates to the Company's issuance of $40.0 million aggregate principal amount of 8.75% notes due 2028 (the \"Notes\") on the date hereof","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1675033/000114036123040060/0001140361-23-040060-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Equiniti Trust Company, LLC"},{"label":"Value","value":"$40.0 million aggregate principal amount of 8.75% notes due 2028"},{"label":"Effective","value":"2023-08-16"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}