GECC - Mergers and acquisitions

WALTHAM, Mass., Feb. 03, 2022 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "us," "our," or "GECC,") (NASDAQ:GECC), a business development company, today announced that it has acquired a majority equity interest in Sterling Commercial Credit, LLC ("Sterling") a leading asset-based lender. Established in 2004, Sterling provides asset-based loans to middle market companies throughout the United States. The Sterling team has been active in the commercial finance industry for over 30 years. Transaction DetailsGECC is purchasing a majority ownership position in Sterling for $7.54 million, consisting of $4.94 million in cash and $2.60 million in GECC shares issued at GECC's net asset

WALTHAM, Mass., Sept. 20, 2021 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "us," "our," or "GECC,") (NASDAQ:GECC), a business development company, today announced that it has acquired a majority equity interest in Lenders Funding, LLC ("Lenders Funding") a private funding and risk sharing source for factors and asset-based lenders. Established in 2000, Lenders Funding purchases participations in factoring and asset-based lending transactions as well as provides working capital to customers under a variety of lending programs. Transaction DetailsGECC is purchasing a majority ownership position in Lenders Funding for $7.25 million, consisting of $4 million in cash and $3.25 million