Great Elm Capital Corp. is a closed-end management investment company organized as a business development company (BDC) under the Investment Company Act of 1940. The firm seeks to provide customized financing solutions to middle-market companies across a range of industries, aiming to generate current income and capital appreciation for its shareholders. Since its initial public offering, Great Elm has built a diversified portfolio of floating-rate senior secured loans, mezzanine debt, and equity co-investments.
The company’s investment strategy focuses on U.S.-based businesses with revenues typically between $25 million and $250 million. By targeting industries such as business services, healthcare, technology, and manufacturing, Great Elm Capital Corp. pursues opportunities where its capital and structuring flexibility can support organic growth initiatives, recapitalizations, acquisitions, and management buyouts. The portfolio is actively managed to balance risk and return, with thorough due diligence and ongoing credit monitoring.
Great Elm Capital Corp. is externally managed by investment professionals with deep experience in private credit and middle-market transactions. The management team’s expertise encompasses underwriting, portfolio structuring, and workout strategies, supported by a dedicated credit research group. This organizational structure aligns the firm’s interests with those of investors, ensuring disciplined investment processes and active portfolio oversight.
The 8.50% Notes due 2029 (NASDAQ: GECCI) are senior unsecured obligations of Great Elm Capital Corp. issued to support the company’s investment activities and general corporate purposes. These notes pay interest semiannually and mature in February 2029. Proceeds from the offering help finance new and existing portfolio investments while maintaining liquidity and capital flexibility within the company’s BDC structure.
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