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

PALM BEACH GARDENS, Fla., July 09, 2024 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the “Company” or “GECC”), (NASDAQ: GECC), a business development company, today announced it issued $22 million of additional 8.50% notes due 2029 (the “GECCI Notes”) in a registered direct offering to an institutional investor. “We are pleased to announce this tack-on debt financing on the heels of our$ 12 million equity raise at NAV last month, further optimizing our weighted average cost of capital,” said Matt Kaplan, GE ...