Welcome to our dedicated page for Great Elm Capital news (Ticker: GECC), a resource for investors and traders seeking the latest updates and insights on Great Elm Capital stock.
Great Elm Capital Corp (GECC), a specialty finance company operating as a business development company (BDC), provides focused middle market debt solutions. This page serves as the definitive source for all official GECC announcements, offering investors and stakeholders timely access to material developments.
Find curated press releases covering earnings reports, debt portfolio updates, leadership changes, and regulatory filings. Our aggregation ensures comprehensive tracking of GECC's strategic initiatives in leveraged finance and capital markets. Key updates include dividend declarations, SEC Form 10-Q/K filings, and material investment activity disclosures.
Bookmark this page to monitor GECC's middle market positioning through verified news sources. Check regularly for updates on credit facility expansions, capital structure adjustments, and other events impacting shareholder value in the BDC sector.
Great Elm Capital Corp. (NASDAQ: GECC) has priced a public offering of $50.0 million of 7.75% notes due 2030. The notes will generate net proceeds of approximately $48.1 million after expenses and will mature on December 31, 2030.
The notes, trading under symbol GECCG, can be redeemed after December 31, 2027. Underwriters have a 30-day option to purchase up to $7.5 million additional notes. The company plans to use proceeds to redeem outstanding 8.75% notes due 2028, with remaining funds potentially used to repurchase other outstanding notes, repay revolving credit facility, or for general corporate purposes.
The offering, led by Lucid Capital Markets and Piper Sandler as joint book-running managers, is expected to close around September 11, 2025.Great Elm Capital Corp. (NASDAQ: GECC) has announced a public offering of unsecured notes due 2030. The notes will be listed on The Nasdaq Global Market under the symbol "GECCG" within 30 days of issuance. The interest rate and terms will be determined through negotiations with underwriters.
The company plans to use the proceeds primarily to redeem all outstanding 8.75% notes due 2028. Additional proceeds may be used to repurchase other outstanding notes (5.875% due 2026, 8.50% due 2029, and 8.125% due 2029), repay revolving credit facility borrowings, or for general corporate purposes including investments.
Lucid Capital Markets, LLC and Piper Sandler & Co. are serving as joint book-running managers, with Clear Street LLC, InspereX LLC, and Janney Montgomery Scott LLC as co-managers.
Great Elm Capital Corp. (NASDAQ: GECC) has successfully raised $15.0 million through an equity offering of approximately 1.3 million shares at $11.65 per share. The shares, representing 9.9% of GECC's outstanding common stock, were issued to an affiliate of Booker Smith, a newly appointed director of Great Elm Group with expertise in corporate credit and real estate investing.
This equity raise is part of GECC's broader capital strategy, having secured nearly $30 million in equity at net asset value over the past 12 months. The additional capital will support the company's investment strategy focused on debt instruments, income-producing equity, and specialty finance businesses, while strengthening its balance sheet and operational scale.
Great Elm Capital Corp. (NASDAQ: GECC), a business development company, has successfully amended its revolving credit facility with City National Bank. The amendment includes two key improvements: doubling the borrowing capacity from $25.0 million to $50.0 million (with potential increase to $90.0 million), and reducing the interest rate from SOFR plus 3.00% to SOFR plus 2.50%.
CEO Matt Kaplan highlighted that this enhancement reflects the company's growing capital base and strong operational performance since establishing the initial facility in 2021. The improved terms are expected to reduce borrowing costs and provide greater flexibility for funding investment opportunities.
[ "Doubled borrowing capacity from $25M to $50M with potential increase to $90M", "Reduced interest rate by 50 basis points to SOFR + 2.50%", "Demonstrates strong operational performance and growing capital base", "Enhanced flexibility for funding investment opportunities" ]Great Elm Capital Corp. (NASDAQ: GECC) reported strong Q2 2025 financial results, achieving record total investment income of $14.3 million. Net investment income reached $5.9 million ($0.51 per share), up from $4.6 million ($0.40 per share) in Q1 2025.
The company's net asset value increased to $12.10 per share from $11.46, primarily driven by unrealized gains on CoreWeave investment and NII exceeding quarterly distribution by 38%. The Board approved a $0.37 quarterly dividend, representing a 13.5% annualized yield. GECC's portfolio totaled $335.1 million in investments, with a 12.5% weighted average yield on debt portfolio.
The company maintained strong asset coverage at 169.5% and received $4.3 million in cash distributions from its CLO JV.Great Elm Capital Corp. (NASDAQ: GECC), a business development company, has scheduled its second quarter 2025 earnings release and conference call. The company will release financial results for Q2 ended June 30, 2025, after market close on Monday, August 4, 2025.
A conference call to discuss the results will be held on Tuesday, August 5, 2025, at 8:30 a.m. ET. Participants can join via phone using U.S. dial-in (877) 407-0789 or international dial-in (201) 689-8562 with passcode "GECC". The call will include an accompanying slide presentation available through GECC's website, and a simultaneous webcast will be accessible via the company's "Events and Presentations" section.
Great Elm Capital Corp. (NASDAQ: GECC) reported strong Q1 2025 financial results, achieving record total investment income of $12.5 million. The company increased its quarterly distribution by 5.7% to $0.37 per share, representing a 14.7% annualized yield. Net investment income (NII) reached $4.6 million ($0.40 per share), up from $2.1 million in Q4 2024.
The CLO JV contributed significantly, providing $3.8 million in cash distributions during Q1 2025. Net assets were $132.3 million ($11.46 per share) as of March 31, 2025, down from $136.1 million in Q4 2024. The company's portfolio included $341.9 million in total investments, with 62.4% in corporate credit debt investments. The weighted average current yield on the debt portfolio was 12.3%, with 73% in floating rate instruments.
Great Elm Capital Corp (NASDAQ: GECC), a business development company, has scheduled its first quarter 2025 earnings release and conference call. The company will release financial results for Q1 ending March 31, 2025, after market close on Monday, May 5, 2025.
The earnings discussion will take place via conference call on Tuesday, May 6, 2025, at 8:30 a.m. ET. Participants can join using the following dial-in numbers:
- United States: (877) 407-0789
- International: (201) 689-8562
The call will include an accompanying slide presentation, accessible through GECC's website under the "Events and Presentations" section. A simultaneous webcast will also be available through the company's website.
Great Elm Capital Corp. (GECC) has announced its Q4 and full year 2024 financial results. Net investment income (NII) for Q4 2024 was $2.1 million ($0.20 per share), down from $4.1 million ($0.39 per share) in Q3 2024. The company's net assets reached $136.1 million ($11.79 per share) as of December 31, 2024.
Key highlights include:
- Raised $13.2 million of equity at Net Asset Value from Summit Grove Partners
- Asset coverage ratio improved to 169.7% from 166.2% in Q3
- Declared a $0.05 per share special distribution
- Increased quarterly dividend by 5.7% to $0.37 per share
The company's portfolio totaled $324.3 million at fair value, with 63.8% in corporate credit investments. The weighted average current yield on the debt portfolio was 12.4%, with 72% in floating rate instruments. During Q4, GECC deployed $47.2 million into new investments at a 12.9% weighted average yield and monetized $57.5 million of investments.
Great Elm Capital Corp. (NASDAQ: GECC), a business development company, has announced its upcoming fourth quarter and full year 2024 financial results release schedule. The company will release its financial results after market trading on Monday, March 10, 2025.
A conference call to discuss these results is scheduled for Tuesday, March 11, 2025, at 8:30 a.m. ET. Investors can access the call using the passcode 'GECC'. An accompanying slide presentation will be available on GECC's website in the 'Events and Presentations' section following the earnings release. The call and presentation will also be simultaneously webcast through the company's website.
FAQ
What is the current stock price of Great Elm Capital (GECC)?
What is the market cap of Great Elm Capital (GECC)?
