Great Elm Capital Corp. 8-K

What Happened Great Elm Capital Corp. (GECC) filed an 8-K on March 2, 2026 to report that on February 27, 2026 it issued a notice to holders of its 5.875% Notes due 2026 (CUSIP 390320604; NASDAQ: GECCO) that the company will redeem $20,000,000 aggregate principal amount of the outstanding notes on March 31, 2026. The redemption will be made at 100% of principal plus any accrued and unpaid interest through, but excluding, the Redemption Date. The trustee for the indenture is Equiniti Trust Company, LLC.

Key Details

• Redemption notice issued: February 27, 2026; Redemption Date: March 31, 2026.
• Amount: $20,000,000 aggregate principal of 5.875% Notes due 2026 will be redeemed.
• Redemption price: 100% of principal plus accrued and unpaid interest (if any) through, but excluding, March 31, 2026.
• Interest schedule & record date: Interest is paid quarterly (Mar 31, Jun 30, Sep 30, Dec 31). Accrued interest from Dec 31, 2025–Mar 31, 2026 will be paid to holders of record as of the Regular Record Date, March 15, 2026; purchasers after March 15 and before March 31 will not receive that accrued interest.

Why It Matters This redemption will reduce the company's outstanding 5.875% note principal by $20 million and will end future interest accruals on that portion of the debt after the redemption date. Bondholders should note the March 15, 2026 record date for the accrued interest payment and that buyers of the notes between March 16–31 will not receive the accrued interest. Equity and credit investors may view the move as a change in the company’s debt profile and near-term cash requirements; the filing itself does not disclose the funding source for the redemption.