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Stock impact report

Great Elm Capital Corp. Prices Public Offering of $36,000,000 of 8.125% Notes Due 2029

Great Elm Capital Corp. - Closed End Fund (GECC) 
Last great elm capital corp. - closed end fund earnings: 11/14 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: greatelmcc.com/investor-relations
Company Research Source: GlobeNewswire
PALM BEACH GARDENS, Fla., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”) (NASDAQ: GECC) announced today the pricing of its underwritten public offering of $36,000,000 aggregate principal amount of its 8.125% notes due 2029 (the “Notes”), which will result in net proceeds to the Company of approximately $34.4 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Notes will mature on December 31, 2029, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after December 31, 2026. The Company has also granted the underwriters a 30-day option to purchase up to an additional $5,400,000 aggregate principal amount of Notes to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions, and the Notes are expected to be delivered on or about September 19, 2024. The Notes are expected to be l Show less Read more
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