Great Elm Capital Corp. Announces Pricing of $36 Million Notes Offering

Great Elm Capital Corporation (GECC), a firm specializing in mid-market investment opportunities, loans, and mezzanines, has recently made a notable announcement from its headquarters in Palm Beach Gardens, Florida. On September 12, 2024, GECC unveiled the pricing details of a significant underwritten public offering. This entails the release of $36,000,000 in aggregate principal amount of 8.125% notes, which are scheduled to mature in the year 2029.

Details of the Public Offering

The offering spotlights the GECC notes that carry an annual interest rate of 8.125%, a figure that speaks to the potential return investors may expect until the maturity of the notes in 2029. This strategic move by Great Elm Capital Corp. aligns with their ongoing efforts to raise capital, which could potentially be allocated towards general corporate purposes, investment purposes, or to repay existing debts.

Investment Potential of GECC

Investors are closely observing GECC as these notes represent an opportunity to invest in a business development company with a specific focus on mid-market ventures. The interest in such financial instruments stems from the desire to diversify investment portfolios with fixed-income securities that offer a predictable return. This public offering by Great Elm Capital Corp. not only signifies the company's active engagement in capital markets but also underscores the investor confidence in its financial health and strategic initiatives.

investment, offering, notes