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

Core Points - Great Elm Capital Corp. announced a public offering of $36 million aggregate principal amount of 8.125% notes due 2029, with net proceeds expected to be approximately $34.4 million after expenses [1][3] - The notes will mature on December 31, 2029, and can be redeemed by the company starting December 31, 2026 [2] - The company plans to use the proceeds to redeem all outstanding 6.75% unsecured notes due 2025 [3] - The offering is managed by Lucid Capital Markets, Janney Montgomery Scott, and Piper Sandler, with additional co-managers [4] Financial Details - The offering size is $36 million, with net proceeds of approximately $34.4 million [1] - The company has granted underwriters a 30-day option to purchase an additional $5.4 million of notes for over-allotments [2] - The notes are expected to be listed on The Nasdaq Global Market under the symbol "GECCH" [3] Company Overview - Great Elm Capital Corp. is an externally managed business development company focused on generating current income and capital appreciation through debt and equity investments, including in specialty finance businesses [8]