This is a routine extension of the revolving credit facility providing three additional years of committed liquidity. No material change to the company's financial position or operations. Monitor the company's progress refinancing or repaying the $56.5M GECCI notes ahead of the April 2029 maturity — if not done by March 31, 2029, the revolver maturity pulls forward to that date.
Price Chart
Executive Summary
Great Elm Capital Corp. amended its credit agreement with City National Bank, extending the revolving facility maturity to June 8, 2029 (from an earlier date) and aligning availability with the $56.5M 8.50% notes due 2029. The company paid a $350,000 extension fee. This is a routine credit facility extension that provides liquidity runway but carries no new capital or material change in financial terms.
Key Financial Metrics
Key Facts
- Sixth amendment to Loan, Guarantee and Security Agreement with City National Bank effective June 8, 2026
- Revolving facility maturity extended to earlier of June 8, 2029 or March 31, 2029 if GECCI 8.50% notes are not refinanced
- Borrower paid a $350,000 fully-earned, non-refundable extension fee
- GECCI Notes have aggregate principal amount of $56,500,000 at 8.50% due April 30, 2029
- Bank Asset Coverage definition updated to include GECCI Notes from November 1, 2028
- No financial results, revenue, EPS, or guidance disclosed
Financial Impact
$350,000 extension fee paid; $56.5M in 8.50% notes due 2029 noted in collateral coverage definitions
Risk Factors
- Revolving facility maturity accelerates to March 31, 2029 if $56.5M GECCI notes are not refinanced or repaid by that date
- $350,000 non-refundable fee represents a small cash cost with no new borrowing capacity disclosed
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-262002 |
| Document: gecc-20260608.htm | 0001193125-26-262002 |
| Document: 0001193125-26-262002-index-headers.html | 0001193125-26-262002 |
| Document: 0001193125-26-262002-index.html | 0001193125-26-262002 |
| Document: 0001193125-26-262002.txt | 0001193125-26-262002 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 8, 2026 19w ago | 8-K | $25.21 | awaiting T+20 | — | — |
May 27, 2026 21w ago | 25-NSE | $25.25 | awaiting T+20 | — | — |
Apr 27, 2026 25w ago | 8-K | $25.40 $25.25 | ▼ −0.59% | ▼ −6.06% | — |
US Market Status
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