Great Elm Capital Corp. Prices Public Offering of $50 Million of 7.75% Notes Due 2030
(NASDAQ:GECC) PALM BEACH GARDENS, Fla., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the âCompanyâ or âGECCâ) (NASDAQ: GECC) announced today the pricing of its underwritten public offering of $50.0 million aggregate principal amount of its 7.75% notes due 2030 (the âNotesâ), which will result in net proceeds to the Company of approximately $48.1 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company.
Related Questions
How will the issuance of $48.1âŻM in 7.75% senior notes affect GECCâs leverage ratio and credit profile?
What is the expected impact of the new 7.75% coupon on the Companyâs cost of capital and equity valuation?
How does the pricing and yield of these notes compare to current market rates for similarâduration senior debt and to competitorsâ recent issuances?