Great Elm Capital Corp. (“GECC”) Issues $22 Million of Additional GECCI Notes

Group 1 - Great Elm Capital Corp. (GECC) announced the issuance of $22 million of additional 8.50% notes due 2029 in a registered direct offering to an institutional investor [3] - The company recently completed a $12 million equity raise, which is aimed at optimizing its weighted average cost of capital [1] - GECC's CEO, Matt Kaplan, highlighted the company's ability to attract capital from institutional partners as a sign of the strength of its platform [1] Group 2 - GECC is classified as an externally managed business development company that focuses on generating current income and capital appreciation through investments in debt and income-generating equity securities, including specialty finance businesses [1]