GECC - Great Elm Capital Corp. (GECC) Issues $22 Million of Additional GECCI Notes | Benzinga
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, GECC's Chief Executive Officer. "Our ability to attract capital from institutional partners is a testament to the strength of our platform."
About Great Elm Capital Corp.
GECC is an externally managed business ...