secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0001140361-23-040060
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Great Elm Capital Corp. issues $40M of 8.75% notes due 2028 to refinance existing debt
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000114036123040060/0001140361-23-040060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000114036123040060/brhc20057563_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-040060

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