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

"We are pleased to announce this tack-on debt financing on the heels of our $12 million equity raise at NAV last month, further optimizing our weighted average cost of capital," said Matt Kaplan, GECC's Chief Executive Officer. "Our ability to attract capital from institutional partners is a testament to the strength of our platform." GECC is an externally managed business development company that seeks to generate current income and capital appreciation by investing in debt and income generating equity sec ...