Great Elm Capital Corp. Files 8-K on Financial Obligations

TL;DR

GECC filed an 8-K on 4/17/24 about new financial obligations.

AI Summary

On April 17, 2024, Great Elm Capital Corp. filed an 8-K report detailing a material definitive agreement and the creation of a direct financial obligation. The filing indicates the company's ongoing financial activities and reporting requirements under the Securities Exchange Act of 1934.

Why It Matters

This filing signals new or updated financial commitments for Great Elm Capital Corp., which could impact its financial health and investment profile.

Risk Assessment

Risk Level: medium — Filings related to material definitive agreements and financial obligations can indicate significant changes in a company's financial structure, warranting careful review.

Key Players & Entities

• Great Elm Capital Corp. (company) — Registrant
• April 17, 2024 (date) — Date of earliest event reported
• Securities Exchange Act of 1934 (legal_document) — Governing Act

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common stock, $0.01 par value GECC Nasdaq Global Market
• $30.0 million — re relates to the Company's issuance of $30.0 million aggregate principal amount of 8.50% not
• $4.5 million — e date hereof, plus up to an additional $4.5 million aggregate principal amount of Notes tha
• $28.6 million — ayable by the Company, of approximately $28.6 million (or approximately $32.9 million if the
• $32.9 million — imately $28.6 million (or approximately $32.9 million if the underwriters exercise their over
• $45.6 million — repurchase a portion of its outstanding $45.6 million aggregate principal amount of 6.75% uns
• $57.5 million — repurchase a portion of its outstanding $57.5 million aggregate principal amount of 5.875% un
• $40.0 million — repurchase a portion of its outstanding $40.0 million aggregate principal amount of 8.75% uns

Filing Documents

• gecc-html7721_8k.htm (8-K) — 38KB
• gecc-html7721_ex9941.htm (EX-4.1) — 66KB
• gecc-html7721_ex9942.htm (EX-4.2) — 30KB
• 0001133228-24-003850.txt ( ) — 383KB
• gecc-20240417.xsd (EX-101.SCH) — 4KB
• gecc-20240417_def.xml (EX-101.DEF) — 27KB
• gecc-20240417_lab.xml (EX-101.LAB) — 37KB
• gecc-20240417_pre.xml (EX-101.PRE) — 25KB
• gecc-html7721_8k_htm.xml (XML) — 7KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On April 17, 2024, Great Elm Capital Corp. (the "Company") and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as trustee (the "Trustee"), entered into a sixth supplemental indenture (the "Sixth Supplemental Indenture") to the indenture, dated September 18, 2017, between the Company and the Trustee (as supplemented by the Sixth Supplemental Indenture, the "Indenture"). The Sixth Supplemental Indenture relates to the Company's issuance of $30.0 million aggregate principal amount of 8.50% notes due 2029 (the "Notes") on the date hereof, plus up to an additional $4.5 million aggregate principal amount of Notes that may be issued in the future pursuant to the underwriters' exercise of an over-allotment option (the "Offering"). The underwriters' over-allotment option expires at 11:59 p.m. on May 9, 2024. The Notes will mature on April 30, 2029 and may be redeemed in whole or in part at the Company's option at any time or from time to time on or after April 30, 2026 at a redemption price equal to 100% of the outstanding principal amount of the Notes to be redeemed, plus accrued and unpaid interest otherwise payable for the then-current quarterly interest period accrued to, but excluding, the date fixed for redemption. The Notes bear interest at a rate of 8.50% per year payable quarterly on March 31, June 30, September 30 and December 31 of each year, commencing June 30, 2024. The Notes are direct unsecured obligations of the Company. The terms of the Notes are governed by the Indenture. The Indenture contains certain covenants, including covenants requiring the Company to comply with Sections 18(a)(1)(A) and (B) as modified by Sections 61(a)(1) and (2) of the Investment Company Act of 1940, as amended, and to provide financial information to the holders of the Notes and the Trustee if the Company should no longer be subject to the reporting requirements under the Securities Exchang

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 4.1 Sixth Supplemental Indenture, dated as of April 17, 2024, between Great Elm Capital Corp. and Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC), as Trustee. 4.2 Global Note (8.50% Note Due 2029). 104 The cover page of this Current Report on Form 8-K, formatted as inline XBRL.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GREAT ELM CAPITAL CORP. Date: April 17, 2024 By: /s/ Keri A. Davis Name: Keri A. Davis Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR