Great Elm Capital Corp. Redeems $30M of 8.75% Notes Due 2028
ByAinvest
Friday, Aug 29, 2025 4:46 pm ET1min read
GECC--
The redemption of the notes marks a significant milestone for Great Elm Capital Corp, as it underscores the company's financial strength and investor confidence. Over the past 12 months, GECC has raised nearly $30 million of equity at net asset value, strengthening its balance sheet and providing additional scale to support its long-term investment strategy [1].
The redemption of the notes is expected to enhance GECC's liquidity position and provide additional capital for future investments. The company's focus on generating sustainable income and total return through investments in debt instruments, income-producing equity, and specialty finance businesses aligns with its long-term growth strategy [2].
Great Elm Capital Corp's recent capital raise, which included the issuance of approximately 1.3 million shares to an affiliate of Booker Smith, a newly appointed director of Great Elm Group, Inc., further highlights the company's turnaround and investor confidence in its platform [3].
The redemption of the notes is a testament to GECC's financial health and its ability to execute on its investment strategy. The company's focus on generating income and capital appreciation through a diversified portfolio of long-duration and permanent capital vehicles positions it well for future growth.
References:
[1] https://seekingalpha.com/news/4489740-great-elm-capital-raises-15m-of-equity
[2] https://www.globenewswire.com/news-release/2025/08/27/3140372/0/en/Great-Elm-Group-Announces-Strategic-Investments-New-Board-Member-and-Timing-of-Fiscal-2025-Earnings-Release.html
[3] https://www.globenewswire.com/news-release/2025/08/27/3140370/0/en/Great-Elm-Capital-Corp-GECC-Raises-15-0-Million-of-Equity.html
Great Elm Capital Corp has announced the redemption of $30 million of its 8.75% notes due 2028. The company is an externally managed business development company that seeks to generate income and capital appreciation through investments in debt and income-generating equity securities, including investments in specialty finance businesses.
Great Elm Capital Corp (NASDAQ: GECC), an externally managed business development company, has announced the redemption of $30 million in its 8.75% notes due 2028. The company seeks to generate income and capital appreciation through investments in debt and income-generating equity securities, including specialty finance businesses.The redemption of the notes marks a significant milestone for Great Elm Capital Corp, as it underscores the company's financial strength and investor confidence. Over the past 12 months, GECC has raised nearly $30 million of equity at net asset value, strengthening its balance sheet and providing additional scale to support its long-term investment strategy [1].
The redemption of the notes is expected to enhance GECC's liquidity position and provide additional capital for future investments. The company's focus on generating sustainable income and total return through investments in debt instruments, income-producing equity, and specialty finance businesses aligns with its long-term growth strategy [2].
Great Elm Capital Corp's recent capital raise, which included the issuance of approximately 1.3 million shares to an affiliate of Booker Smith, a newly appointed director of Great Elm Group, Inc., further highlights the company's turnaround and investor confidence in its platform [3].
The redemption of the notes is a testament to GECC's financial health and its ability to execute on its investment strategy. The company's focus on generating income and capital appreciation through a diversified portfolio of long-duration and permanent capital vehicles positions it well for future growth.
References:
[1] https://seekingalpha.com/news/4489740-great-elm-capital-raises-15m-of-equity
[2] https://www.globenewswire.com/news-release/2025/08/27/3140372/0/en/Great-Elm-Group-Announces-Strategic-Investments-New-Board-Member-and-Timing-of-Fiscal-2025-Earnings-Release.html
[3] https://www.globenewswire.com/news-release/2025/08/27/3140370/0/en/Great-Elm-Capital-Corp-GECC-Raises-15-0-Million-of-Equity.html
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