Great Elm amends revolving credit maturity
Great Elm Capital Corp. entered into a material definitive amendment to its Loan, Guarantee and Security Agreement with City National Bank on June 8, 2026.
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Form Type
8-K
Rhea-AI Filing Summary
Great Elm Capital Corp. entered into a material definitive amendment to its Loan, Guarantee and Security Agreement with City National Bank on June 8, 2026. The change updates the maturity of borrowings under the revolving credit facility.
The revolver will now mature on the earlier of June 8, 2029, or March 31, 2029 if the company’s 8.50% notes due 2029 have not been refinanced by that date. The full text of the sixth amendment, including the updated loan agreement, is attached as Exhibit 10.1.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Amendment date: June 8, 2026
Revolver outside maturity: June 8, 2029
Conditional earlier maturity: March 31, 2029
+3 more
6 metrics
Amendment date
June 8, 2026
Date of sixth amendment to Loan, Guarantee and Security Agreement
Revolver outside maturity
June 8, 2029
Latest possible maturity date for revolving facility borrowings
Conditional earlier maturity
March 31, 2029
Earlier maturity if 8.50% notes due 2029 are not refinanced
Coupon on notes
8.50%
Interest rate on Great Elm Capital’s notes due 2029 referenced in amendment
8.125% notes maturity
2029
Separate 8.125% notes due 2029 listed on Nasdaq Global Market
7.75% notes maturity
2030
7.75% notes due 2030 listed as GECCG on Nasdaq Global Market
Key Terms
Material Definitive Agreement, Revolving Facility, Loan, Guarantee and Security Agreement, Emerging growth company, +1 more
5 terms
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Revolving Facility financial
"The Amendment updated the maturity date for borrowings under the Revolving Facility"
A revolving facility is a bank loan that works like a company credit card: the borrower can draw funds, repay them, and draw again up to a set limit during the agreement period. It matters to investors because it provides short-term cash flexibility for operations, investments, or emergencies, and the cost or availability of that credit can affect a company’s liquidity, interest expenses, and financial stability.
Loan, Guarantee and Security Agreement financial
"the Company’s Loan, Guarantee and Security Agreement, dated as of May 5, 2021"
Emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
inline XBRL technical
"The cover page of this on , formatted as inline XBRL."
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Great Elm Capital Corp. (GECC) change in its loan agreement?
Great Elm Capital Corp. amended its Loan, Guarantee and Security Agreement with City National Bank. The update primarily adjusts the maturity date for borrowings under its revolving credit facility, linking it to both a fixed 2029 date and the refinancing status of its 8.50% notes.
When does Great Elm Capital Corp.’s revolving credit facility now mature?
The revolving credit facility now matures on the earlier of June 8, 2029, or March 31, 2029. The earlier March date applies only if Great Elm Capital Corp.’s 8.50% notes due 2029 have not been refinanced by that time under the amended agreement.
How are Great Elm Capital Corp.’s 8.50% notes due 2029 tied to the revolver maturity?
The amended loan agreement links the revolver’s maturity to the 8.50% notes due 2029. If those notes have not been refinanced on or before March 31, 2029, the revolving credit facility will mature on that earlier March 31, instead of June 8, 2029.
Who is the lender under Great Elm Capital Corp.’s amended loan agreement?
City National Bank is the lender under Great Elm Capital Corp.’s Loan, Guarantee and Security Agreement. The June 8, 2026 amendment, described as the sixth amendment, was executed between the company and City National Bank and is filed as Exhibit 10.1.
What exhibits accompany Great Elm Capital Corp.’s 8-K about the loan amendment?
The filing includes Exhibit 10.1 and Exhibit 104. Exhibit 10.1 is the Sixth Amendment dated June 8, 2026 to the Loan, Guarantee and Security Agreement. Exhibit 104 is the cover page information formatted as inline XBRL for the electronic filing system.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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