Great Elm Capital Corp SEC Filings

Great Elm Capital Corp. has filed a prospectus supplement for debt securities describing the Notes, related indenture provisions and key risks. The company is a closed-end, externally managed, non-diversified management investment company that has elected BDC regulation and elected RIC tax treatment beginning with the tax year starting October 1, 2016. The supplement references risk factors (beginning on page S-11), limits on asset coverage and structural/effective subordination of creditors. As of June 30, 2025 the document shows "Actual" total assets of $403,259 (thousands) and consolidated figures summing to $421,774. The portfolio table discloses individual investments, interest rates tied to SOFR or PRIME, maturity dates and a 27.47% non-qualifying assets disclosure. The prospectus incorporates prior SEC filings by reference and notes distributions may include return of capital.

Great Elm Capital Corp. filed a Current Report disclosing notices related to its 8.75% Notes due 2028. The filing includes a Notice of Redemption and a Conditional Notice of Redemption referencing numeric values 99.2 and 104 respectively, the cover page formatted as inline XBRL, and identifies Keri A. Davis as Chief Financial Officer. The document lists several regulatory communication checkboxes and contains limited substantive detail beyond the redemption notices and administrative information.

Great Elm Capital Corp. filed a Form D reporting a completed Regulation D equity offering of $15,028,500. The issuer, a Maryland corporation operating as a pooled investment/other investment fund, indicates it is registered as an investment company under the Investment Company Act of 1940. The offering relied on Rule 506(b) and was a new notice for a first sale on 2025-08-27. The filing shows $15,028,500 sold with $0 remaining, a minimum outside investment of $0, and that gross proceeds did not pay any named executives or directors. The filing discloses $450,855 in finders\' fees and reports one investor participated.

Great Elm Strategic Partnership I, LLC, a director-linked reporting person for Great Elm Capital Corp. (GECC), reported two insider sales: 25,711 shares sold on 08/25/2025 and 21,472 shares sold on 08/26/2025, each at $11.20 per share. Beneficial ownership after the 8/25 sale was 1,669,254 shares and after the 8/26 sale was 1,647,782 shares. The form is signed by an attorney-in-fact on behalf of the reporting person.

Great Elm Group, Inc. amended its Schedule 13D to report current beneficial ownership in Great Elm Capital Corp. (GECC) common stock. The filing states 1,438,079 shares are beneficially owned by the Reporting Person, representing approximately 11.1% of 12,977,634 shares outstanding. The outstanding share count reflects 11,568,378 shares reported in the issuer's June 30, 2025 quarterly report, 119,256 shares issued under an ATM facility since that filing, and 1,290,000 shares issued to Poor Richard LLC on August 27, 2025. The Reporting Person notes its directors and executive officers collectively hold 2,580,254 shares, or about 19.9%, of the outstanding common stock.

Great Elm Strategic Partnership I, LLC reported insider sales of Great Elm Capital Corp. (GECC) common stock on August 21 and August 22, 2025. The filing shows a sale of 26,705 shares on 08/21/2025 and a sale of 17,956 shares on 08/22/2025, each at a price of $11.20 per share. Following the 08/21 sale the reporting person beneficially owned 1,712,921 shares, and after the 08/22 sale beneficial ownership was 1,694,965 shares. The reporting person is identified as a director of the issuer. The Form 4 was signed by Adam M. Kleinman, attorney-in-fact on 08/22/2025.

Great Elm Strategic Partnership I, LLC, identified as a Director and 10% owner of Great Elm Capital Corp. (GECC), reported two open-market sales of common stock at $11.20 per share. On 08/18/2025 it sold 363 shares, leaving 1,747,419 shares beneficially owned. On 08/20/2025 it sold 7,793 shares, leaving 1,739,626 shares beneficially owned. The Form 4 is signed by an attorney-in-fact.

Great Elm Capital Corp. amended its senior secured loan agreement with City National Bank to increase its senior secured revolving facility commitment to up to $50 million (subject to the loan agreement's borrowing base). The amendment permits the company to request an additional aggregate increase of up to $40 million (up to a $90 million revolver) at the lender's discretion.

The amendment resets the revolver maturity to the earlier of May 5, 2027 or May 31, 2026 if the company’s 5.875% notes due 2026 are not refinanced before that date. Interest will accrue either at SOFR plus 2.50% (or a base rate plus 1.50%) when a minimum deposit test is met, or at SOFR plus 3.50% (or a base rate plus 2.50%) when it is not met. The amendment also amends the financial covenant to require minimum net assets of not less than $80 million.