Great Elm Capital Corp. 8-K

What Happened
Great Elm Capital Corp. (NASDAQ: GECCO) filed an 8-K (Item 8.01) to notify holders that it has exercised its option to redeem, in whole, its 5.875% Notes due 2026. The Company will redeem the outstanding notes on May 27, 2026, at 100% of principal plus any accrued and unpaid interest through, but excluding, the Redemption Date. The redemption is being made pursuant to the Indenture (dated September 18, 2017) and the Fourth Supplemental Indenture (dated June 23, 2021) with Equiniti Trust Company, LLC (f/k/a American Stock Transfer & Trust Company, LLC) as trustee. A copy of the Notice of Redemption is furnished as Exhibit 99.1 to the filing.

Key Details

• Security: 5.875% Notes due 2026 (CUSIP No. 390320604; NASDAQ: GECCO).
• Redemption date: May 27, 2026 (full redemption of all issued and outstanding notes).
• Redemption price: 100% of principal plus accrued and unpaid interest through, but excluding, the Redemption Date.
• Trustee/Indenture: Redemption pursuant to Section 1104 of the Indenture and Section 1.01(h) of the Fourth Supplemental Indenture; trustee is Equiniti Trust Company, LLC.
• Notice: Formal Notice of Redemption attached as Exhibit 99.1 to the Form 8-K.

Why It Matters
For noteholders: holders of the 5.875% Notes will receive full principal repayment plus accrued interest on the stated redemption date, ending their holdings in this security after May 27, 2026.
For the company and investors: the transaction will retire the outstanding 2026 notes in full, which affects Great Elm Capital’s debt outstanding and capital structure. The filing is a notice of redemption (Item 8.01) rather than a change in earnings or management.