Erik Zwick

Eric Zwick

Mickey Schleien

Mitchel Penn

- Great Elm Capital Corp. (GECC) issued **$50,000,000** aggregate principal amount of **7.75% Notes due 2030** on **September 11, 2025**.  **[1675033_0000950103-25-011541_dp234250_8k.htm:1]** 
- An additional **$7,500,000** aggregate principal amount of these notes may be issued if the underwriters exercise their over-allotment option by **October 4, 2025**.  **[1675033_0000950103-25-011541_dp234250_8k.htm:1]** 
- The notes mature on **December 31, 2030**, bear an interest rate of **7.75% per year** payable quarterly, and are direct **unsecured obligations** of the Company.  **[1675033_0000950103-25-011541_dp234250_8k.htm:1]** **[1675033_0000950103-25-011541_dp234250_ex0401.htm:1]** **[1675033_0000950103-25-011541_dp234250_ex0401.htm:2]** 
- The Company received net proceeds of approximately **$48.1 million** from the offering, which will be used primarily to redeem its outstanding **8.75% Notes due 2028**, with the remainder for other debt repurchases or general corporate purposes, including investments.  **[1675033_0000950103-25-011541_dp234250_8k.htm:1]**

Great Elm Capital (GECC)