GECC

#4012
Great Elm Capital Corp. - Closed End Fund
6.2 2 USD
+0.01%
Market Price
Settore: Finanziario
Base: USD
Valuta di Profitto: USD
Intervallo Giornaliero
6.12
6.25
Intervallo Annuale
4.63
6.82
Variazione giornaliera
+1.47%
Variazione Mensile
+21.72%
Variazione di 6 mesi
0.00%
Variazione Annuale
-7.72%
Chiusura Precedente
6.1 3
Open
6.1 8
Minimo
6.1 2
Massimo
6.2 5
Volume
47
Apri il grafico completo

Financials

Panoramica Estratto Conto Statistiche Dividendi Documents

2026

Current report, Q3 FY2026
Great Elm Capital Corp. current report, Q3 FY2026
8-K
Current report, Q3 FY2026
Great Elm Capital Corp. current report, Q3 FY2026
8-K
Quarterly report, Q2 FY2026
Great Elm Capital Corp. quarterly report, Q2 FY2026
10-Q
Current report, Q2 FY2026
Great Elm Capital Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Great Elm Capital Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Great Elm Capital Corp. current report, Q2 FY2026
8-K
Current report, Q2 FY2026
Great Elm Capital Corp. current report, Q2 FY2026
8-K
Quarterly report, Q1 FY2026
Great Elm Capital Corp. quarterly report, Q1 FY2026
10-Q
Current report, Q1 FY2026
Great Elm Capital Corp. current report, Q1 FY2026
8-K
Current report, Q1 FY2026
Great Elm Capital Corp. current report, Q1 FY2026
8-K

Great Elm Capital Corp. current report, Q4 FY2023

Full document

Business Context and Reporting Period

Company: Great Elm Capital Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: November 22, 2023
Event: Entry into a Material Definitive Agreement (Amendment to Loan Agreement).

Key Financial Metrics

This filing does not report revenue, profit, cash flow, or margin data. It focuses exclusively on debt structure modifications.

  • Debt Instrument: Senior secured revolving line of credit (Revolving Facility) with City National Bank.
  • Interest Rate Structure (Minimum Deposit Test Met): SOFR + 3.00% or Base Rate + 2.00%.
  • Interest Rate Structure (Minimum Deposit Test Not Met): SOFR + 4.00% or Base Rate + 3.00%.

Material Changes Versus Prior Period

The primary material change is the extension of the maturity date for the Revolving Facility, previously set for May 5, 2024. The new maturity date is the earlier of:

  1. May 5, 2027.
  2. August 2, 2024 (if 6.75% Notes due 2025 are not refinanced) or October 3, 2024 (if no borrowings are outstanding).
  3. January 1, 2026 (if 5.875% Notes due 2026 are not refinanced) or March 2, 2026 (if no borrowings are outstanding).

The amendment also adjusts the interest rate spreads based on the satisfaction of a minimum deposit test.

Guidance, Outlook, and Risks

Management Commentary: The filing indicates a strategic move to extend liquidity availability, contingent upon the refinancing status of the Company's 2025 and 2026 notes.

Risks and Contingencies: The maturity of the Revolving Facility is now contingent on the refinancing of specific note issuances. Failure to refinance the 6.75% Notes due 2025 or the 5.875% Notes due 2026 by specified dates will trigger an earlier maturity for the revolving credit line.

Unusual Items: None reported in this filing.

Investor Verification Checklist

  • Verify the current status of refinancing efforts for the 6.75% Notes due 2025 and 5.875% Notes due 2026.
  • Confirm whether the Company currently meets the "minimum deposit test" to determine the applicable interest rate spread.
  • Review the full text of the Third Amendment (Exhibit 10.1) for covenants or conditions not summarized in the 8-K.
  • Check subsequent filings for updates on the refinancing of the 2025 and 2026 notes to assess the actual maturity date of the Revolving Facility.

Notizie