secwatch.observer — SEC 8-K summary
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Issuer:     Great Elm Capital Corp. (GECC)
CIK:        0001675033
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001193125-24-222145
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 $36M of 8.125% notes due 2029 to refinance 2025 notes
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- Issued $36M aggregate principal of 8.125% notes due 2029; underwriters can purchase up to $5.4M more.
- Net proceeds ~$34.4M (or ~$39.6M if over-allotment exercised); used to redeem all 6.75% notes due 2025.
- Notes mature Dec 31, 2029; interest paid quarterly at 8.125% per annum starting Dec 31, 2024.
- Redeemable at the company's option at 100% of principal plus accrued interest on/after Dec 31, 2026.
- Offering closed Sept 19, 2024; notes are direct unsecured obligations under a supplemental indenture.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1675033/000119312524222145/0001193125-24-222145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1675033/000119312524222145/d843404d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-222145

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