Core Viewpoint - Great Elm Capital Corp. (GECC) has announced a public offering of $50 million in 7.75% notes due 2030, with net proceeds expected to be approximately $48.1 million after expenses [1][4]. Group 1: Offering Details - The notes will mature on December 31, 2030, and can be redeemed by the company starting December 31, 2027 [2]. - Underwriters have a 30-day option to purchase an additional $7.5 million in notes to cover over-allotments [2]. - The transaction is subject to customary closing conditions, with expected delivery around September 11, 2025 [3]. Group 2: Use of Proceeds - The net proceeds will primarily be used to redeem all outstanding 8.75% notes due 2028 [4]. - Remaining proceeds may be allocated to redeem or repurchase other outstanding notes due in 2026 and 2029, repay borrowings under the revolving credit facility, or for general corporate purposes [4]. Group 3: Company Overview - Great Elm Capital Corp. is an externally managed business development company focused on generating income and capital appreciation through investments in debt and income-generating equity securities [9].