• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form FWP filed by Great Elm Capital Corp.

    9/4/25 5:25:28 PM ET
    $GECC
    Finance: Consumer Services
    Finance
    Get the next $GECC alert in real time by email
    FWP 1 d913142dfwp.htm FWP FWP

    Filed Pursuant to Rule 433

    Issuer Free Writing Prospectus dated September 4, 2025

    Relating to Preliminary Prospectus Supplement dated September 4, 2025 and

    Prospectus dated January 13, 2025

    Registration No. 333-283503

    GREAT ELM CAPITAL CORP.

    $50,000,000

    7.75% Notes Due 2030

    Pricing Term Sheet

    September 4, 2025

    The following sets forth the final terms of the 7.75% Notes due 2030 (the “Notes”) and should only be read together with the preliminary prospectus supplement dated September 4, 2025, together with the accompanying prospectus dated January 13, 2025, relating to the Notes (the “Preliminary Prospectus”), and supersedes the information in the Preliminary Prospectus to the extent inconsistent with the information in the Preliminary Prospectus. In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary Prospectus. All references to dollar amounts are references to U.S. Dollars.

     

    Issuer:    Great Elm Capital Corp. (the “Company”)
    Title of the Securities:    7.75% Notes due 2030
    Expected Rating:*    Egan-Jones Ratings Company: BBB

    Initial Aggregate Principal

    Amount Being Offered:

       $50,000,000
    Over-Allotment Option:    The underwriters may also purchase up to an additional $7,500,000 aggregate principal amount of Notes on or before October 4, 2025 solely to cover over-allotments, if any.
    Initial Public Offering Price:    100% of the aggregate principal amount ($25.00 per Note)
    Principal Payable at Maturity:    100% of the aggregate principal amount ($25.00 per Note)
    Type of Note:    Fixed-rate note
    Listing:    The Company intends to list the Notes on The Nasdaq Global Market within 30 days of the original issue date under the trading symbol “GECCG”
    Underwriting Discount:    $1,562,500 total, assuming the over-allotment option is not exercised

    Net Proceeds to the Issuer,

    before Expenses:

       $48,437,500 total, assuming the over-allotment option is not exercised
    Interest Rate:    7.75% per year
    Day Count Basis:    360-day year of twelve 30-day months


    Trade Date:    September 5, 2025
    Settlement Date:**    September 11, 2025 (T+4)
    Stated Maturity Date:    December 31, 2030
    Date Interest Starts Accruing:    September 11, 2025
    Interest Payment Dates:    The Notes will pay interest on March 31, June 30, September 30 and December 31 of each year, beginning December 31, 2025. If an interest payment date falls on a non-business day, the applicable interest payment will be made on the next business day and no additional interest will accrue as a result of such delayed payment.
    Interest Periods:    The initial interest period for the Notes will be the period from and including September 11, 2025, to, but excluding, the initial interest payment date, and the subsequent interest periods will be the periods from and including an interest payment date to, but excluding, the next interest payment date or the stated maturity date, as the case may be.

    Regular Record Dates for

    Interest:

       Each March 15, June 15, September 15 and December 15, beginning December 15, 2025.
    Specified Currency:    U.S. Dollars
    Denominations:    The Company will issue the Notes in denominations of $25 and integral multiples of $25 in excess thereof.
    Business Day:    Each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in the City of New York are authorized or obligated by law or executive order to close.
    Optional Redemption:    The Notes may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after December 31, 2027, upon not less than 10 nor more than 60 days written notice by mail prior to the date fixed for redemption thereof, at a redemption price of 100% of the outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest payments otherwise payable for the then-current quarterly interest period accrued to, but excluding, the date fixed for redemption.
    Use of Proceeds    The Company intends to use the net proceeds from the offering to redeem its 8.75% notes due 2028 and any remaining proceeds may be used redeem or repay a portion of the Company’s other outstanding indebtedness or for general corporate purposes.
    CUSIP / ISIN:    390320 869/ US3903208698
    Underwriters:   

    Lucid Capital Markets, LLC

    Piper Sandler & Co.

    Clear Street LLC

    InspereX LLC

    Janney Montgomery Scott LLC


    Trustee, Paying Agent, and Security Registrar:    Equiniti Trust Company, LLC

     

    *

    A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

    **

    Under Rule 15c6-1 of the Securities Exchange Act of 1934, as amended, trades in the secondary market generally are required to settle in one business day, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Notes prior to one business day before the date of delivery will be required, by virtue of the fact that the Notes initially will settle T+4, to specify an alternate settlement cycle at the time of any such trade to prevent a failed settlement. Purchasers of the Notes who wish to trade the Notes before the first business day before the date of delivery should consult their own advisor.

    This pricing term sheet and the Preliminary Prospectus are not offers to sell or the solicitation of offers to buy, nor will there be any sale of the Notes referred to in this press release, in any jurisdiction where such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.

    Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The Preliminary Prospectus, which has been filed with the Securities and Exchange Commission (the “SEC”), contains a description of these matters and other important information about the Company and should be read carefully before investing.

    The issuer has filed a shelf registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the Preliminary Prospectus and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the Preliminary Prospectus you request them by calling Lucid Capital Markets, LLC, 570 Lexington Ave., 40th Floor, New York, NY 10022 or by telephone number (646) 362-0256.

    Get the next $GECC alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $GECC

    DatePrice TargetRatingAnalyst
    7/12/2022$12.00Neutral
    Janney
    More analyst ratings

    $GECC
    SEC Filings

    View All

    SEC Form 424B5 filed by Great Elm Capital Corp.

    424B5 - Great Elm Capital Corp. (0001675033) (Filer)

    9/9/25 7:30:11 AM ET
    $GECC
    Finance: Consumer Services
    Finance

    SEC Form 424B5 filed by Great Elm Capital Corp.

    424B5 - Great Elm Capital Corp. (0001675033) (Filer)

    9/5/25 5:04:09 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    SEC Form 497AD filed by Great Elm Capital Corp.

    497AD - Great Elm Capital Corp. (0001675033) (Filer)

    9/5/25 4:59:52 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    $GECC
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Great Elm Capital Corp. Prices Public Offering of $50 Million of 7.75% Notes Due 2030

    PALM BEACH GARDENS, Fla., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC") (NASDAQ:GECC) announced today the pricing of its underwritten public offering of $50.0 million aggregate principal amount of its 7.75% notes due 2030 (the "Notes"), which will result in net proceeds to the Company of approximately $48.1 million after payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Notes will mature on December 31, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after December 31, 2027. The Company has also granted the underwriters a 30-day op

    9/4/25 5:36:39 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    Great Elm Capital Corp. Announces Public Offering of Unsecured Notes

    PALM BEACH GARDENS, Fla., Sept. 04, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. (the "Company" or "GECC") (NASDAQ:GECC) announced today the commencement of an underwritten public offering of unsecured notes due 2030 (the "Notes"). The Notes are expected to be listed on The Nasdaq Global Market under the trading symbol "GECCG," and to trade thereon within 30 days from the original issue date. The interest rate and other terms of the Notes will be determined by negotiations between the Company and the underwriters. The Company expects to use all or a portion of the net proceeds of this offering to redeem all of its outstanding 8.75% notes due 2028 and the remainder of the proceeds, if

    9/4/25 7:59:07 AM ET
    $GECC
    Finance: Consumer Services
    Finance

    Great Elm Group Announces Strategic Investments, New Board Member, and Timing of Fiscal 2025 Earnings Release

    – Woodstead Purchases 4.0 Million Shares of Great Elm Group's Common Stock – – An Affiliate of Booker Smith Purchases 1.3 Million Shares of Great Elm Capital Corp.'s Common Stock – – Company to Release Fiscal 2025 Earnings after Market Close on September 2, 2025, and Host Conference Call at 8:30 a.m. ET on September 3, 2025 – Transaction Highlights: Woodstead Value Fund, L.P. ("Woodstead") purchased 4.0 million shares of newly issued common stock of Great Elm Group, Inc. ("GEG") at a price of $2.25 per share for gross proceeds of $9.0 million.Separately, Great Elm Capital Corp. ("GECC") sold 1.3 million newly-issued shares of its common stock to an affiliate of Booker Smith, representing

    8/27/25 4:05:25 PM ET
    $GECC
    $GEG
    Finance: Consumer Services
    Finance
    Computer Software: Prepackaged Software
    Technology

    $GECC
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Director Cohen Richard M bought $396 worth of shares (36 units at $11.01), increasing direct ownership by 0.20% to 18,136 units (SEC Form 4)

    4 - Great Elm Capital Corp. (0001675033) (Issuer)

    6/13/25 4:22:51 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    Director Cohen Richard M bought $89,854 worth of shares (8,100 units at $11.09), increasing direct ownership by 81% to 18,100 units (SEC Form 4)

    4 - Great Elm Capital Corp. (0001675033) (Issuer)

    6/12/25 8:30:31 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    Director Cohen Richard M bought $109,749 worth of shares (10,000 units at $10.97) (SEC Form 4)

    4 - Great Elm Capital Corp. (0001675033) (Issuer)

    6/11/25 7:57:05 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    $GECC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Large owner Great Elm Strategic Partnership I, Llc sold $528,450 worth of shares (47,183 units at $11.20), decreasing direct ownership by 3% to 1,647,782 units (SEC Form 4)

    4 - Great Elm Capital Corp. (0001675033) (Issuer)

    8/27/25 8:08:31 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    Large owner Great Elm Strategic Partnership I, Llc sold $500,203 worth of shares (44,661 units at $11.20), decreasing direct ownership by 3% to 1,694,965 units (SEC Form 4)

    4 - Great Elm Capital Corp. (0001675033) (Issuer)

    8/22/25 9:33:52 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    Large owner Great Elm Strategic Partnership I, Llc sold $91,347 worth of shares (8,156 units at $11.20), decreasing direct ownership by 0.47% to 1,739,626 units (SEC Form 4)

    4 - Great Elm Capital Corp. (0001675033) (Issuer)

    8/20/25 5:38:02 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    $GECC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Janney initiated coverage on Great Elm Capital with a new price target

    Janney initiated coverage of Great Elm Capital with a rating of Neutral and set a new price target of $12.00

    7/12/22 9:14:23 AM ET
    $GECC
    Finance: Consumer Services
    Finance

    Oppenheimer initiated coverage on Great Elm Capital with a new price target

    Oppenheimer initiated coverage of Great Elm Capital with a rating of Perform and set a new price target of $0.00 from $14.00 previously

    4/8/21 5:59:11 AM ET
    $GECC
    Finance: Consumer Services
    Finance

    $GECC
    Leadership Updates

    Live Leadership Updates

    View All

    Lenders Funding Announces Retirement of Chief Operating Officer and Chief Credit Officer, Harvey Friedman and Appointment of John Benkovich

    SAN DIEGO, Sept. 22, 2022 (GLOBE NEWSWIRE) -- Lenders Funding, LLC, a Great Elm Capital Corp. specialty finance company, ("we," "us," "our," the "Company" or "LF") announced today that Chief Operating Officer and Chief Credit Officer, Harvey Friedman, will be retiring after leading its credit operations and overall administration for 18 years. In retirement, Mr. Friedman will assume the role of Vice Chairman Emeritus. Mr. Friedman has served the factoring and asset-based lending industry for over 45 years. Prior to joining LF, Mr. Friedman was the Executive Vice President and Chief Credit Officer at Gibraltar Corporation of America ("GCA"), a wholly owned subsidiary of United Jersey Bank w

    9/22/22 4:22:31 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    Great Elm Capital Corp. Announces New Board Leadership

    WALTHAM, Mass., March 04, 2022 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "us," "our," the "Company" or "GECC") (NASDAQ:GECC), a business development company, today announced various enhancements to its leadership with the appointment of two new members to its board of directors (the "Board"), including a new Board chairman, who will each help support the Company's growth objectives. GECC expects to name an additional independent director shortly. "We are delighted to welcome such a strong group of new Board members who bring diverse expertise and insight to our work in specialty finance and credit investing," said Matt Kaplan, newly appointed CEO of GECC. "We have worked dilige

    3/4/22 9:22:16 AM ET
    $DRCT
    $GECC
    $ONDS
    Advertising
    Consumer Discretionary
    Finance: Consumer Services
    Finance

    Great Elm Capital Corp. Announces CEO Transition

    WALTHAM, Mass., March 04, 2022 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "us," "our," the "Company" or "GECC") (NASDAQ:GECC), a business development company, today announced that Peter Reed has resigned as Chief Executive Officer and stepped down from its board of the directors (the "Board"). The Board has unanimously appointed Matt Kaplan as CEO effective immediately. Mr. Kaplan assumes the CEO position at GECC after a career built in credit investing. He has served as a Portfolio Manager at Great Elm Capital Management ("GECM"), GECC's external investment advisor, since October 2020, during which time he has led GECM's investment team while repositioning GECC's portfolio toward

    3/4/22 9:21:34 AM ET
    $GECC
    Finance: Consumer Services
    Finance

    $GECC
    Financials

    Live finance-specific insights

    View All

    Great Elm Group Announces Strategic Investments, New Board Member, and Timing of Fiscal 2025 Earnings Release

    – Woodstead Purchases 4.0 Million Shares of Great Elm Group's Common Stock – – An Affiliate of Booker Smith Purchases 1.3 Million Shares of Great Elm Capital Corp.'s Common Stock – – Company to Release Fiscal 2025 Earnings after Market Close on September 2, 2025, and Host Conference Call at 8:30 a.m. ET on September 3, 2025 – Transaction Highlights: Woodstead Value Fund, L.P. ("Woodstead") purchased 4.0 million shares of newly issued common stock of Great Elm Group, Inc. ("GEG") at a price of $2.25 per share for gross proceeds of $9.0 million.Separately, Great Elm Capital Corp. ("GECC") sold 1.3 million newly-issued shares of its common stock to an affiliate of Booker Smith, representing

    8/27/25 4:05:25 PM ET
    $GECC
    $GEG
    Finance: Consumer Services
    Finance
    Computer Software: Prepackaged Software
    Technology

    Great Elm Capital Corp. Announces Second Quarter 2025 Financial Results

    PALM BEACH GARDENS, Fla., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "our," the "Company" or "GECC") (NASDAQ:GECC), a business development company, today announced its financial results for the second quarter ended June 30, 2025.       Second Quarter and Other Recent Highlights Total investment income ("TII") for the quarter ended June 30, 2025 was a record $14.3 million. Highest cash generative quarter in GECC's history, with cash income comprising over 90% of TII. Net investment income ("NII") for the quarter ended June 30, 2025 was $5.9 million, or $0.51 per share, as compared to $4.6 million, or $0.40 per share, for the quarter ended March 31, 2025.

    8/4/25 4:15:08 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    Great Elm Group Announces Strategic Partnership with Kennedy Lewis Investment Management

    - Purchases 4.9% of Great Elm Group's Common Stock; $150 Million Debt Investment in Monomoy Properties REIT to Accelerate Industrial Real Estate Platform Expansion – - Company to Host Conference Call at 8:30 a.m. ET on August 1, 2025 - Transaction Highlights: Certain funds affiliated with Kennedy Lewis Investment Management LLC ("KLIM") purchase 4.9% of Great Elm Group, Inc's ("GEG") outstanding common stock at market price, approximately $2.11 per share.$150 million of term loans in total strategic financing for Monomoy Properties REIT, LLC ("Monomoy REIT") from KLIM to catalyze growth across the Monomoy industrial real estate platform recently consolidated under Great Elm Real Estate Ve

    7/31/25 4:05:13 PM ET
    $GECC
    $GEG
    Finance: Consumer Services
    Finance
    Computer Software: Prepackaged Software
    Technology

    $GECC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13D/A filed by Great Elm Capital Corp.

    SC 13D/A - Great Elm Capital Corp. (0001675033) (Subject)

    12/13/24 6:47:34 PM ET
    $GECC
    Finance: Consumer Services
    Finance

    SEC Form SC 13G filed by Great Elm Capital Corp.

    SC 13G - Great Elm Capital Corp. (0001675033) (Subject)

    12/12/24 8:44:54 AM ET
    $GECC
    Finance: Consumer Services
    Finance

    Amendment: SEC Form SC 13G/A filed by Great Elm Capital Corp.

    SC 13G/A - Great Elm Capital Corp. (0001675033) (Subject)

    8/15/24 8:01:28 PM ET
    $GECC
    Finance: Consumer Services
    Finance