Great Elm Capital Corp. (NASDAQ: GECC) has announced the commencement of an underwritten public offering for unsecured notes due 2030. These notes are expected to list and trade on The Nasdaq Global Market under the symbol “GECCG” within 30 days of their original issue date.
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Great Elm Capital Corp. Announces Public Offering of Unsecured Notes
Key Takeaways:
- Great Elm is offering unsecured notes due 2030 in an underwritten public offering.
- The Notes will trade on Nasdaq under “GECCG.”
- Trading is expected within 30 days of the issue date.
- Interest rate and terms will be established through negotiations with underwriters.
- The announcement was made from Palm Beach Gardens, Fla., on September 4, 2025.
Introduction
Great Elm Capital Corp. (GECC) has revealed plans to launch an underwritten public offering of unsecured notes due in 2030. As a business development company traded on the NASDAQ under the symbol GECC, the firm is taking this step to further engage investors and raise additional capital.
Unsecured Notes Due 2030
In its announcement, Great Elm Capital Corp. describes these notes as “unsecured,” meaning they are not backed specifically by any assets. They will reach maturity in 2030, giving investors a long-term option with a yet-to-be-finalized interest rate.
Listing and Trading Details
According to the company, the Notes are expected to appear on The Nasdaq Global Market under the trading symbol “GECCG.” Authorities anticipate that trading will begin within 30 days from the original issue date, allowing potential buyers to access this new financial instrument in a relatively short timeframe.
Terms and Negotiations
While some details about the launch are confirmed, the precise interest rate and other terms remain subject to ongoing discussions between Great Elm Capital Corp. and the underwriters. These negotiations will ultimately dictate the final specifics of the Notes, reflecting market conditions and investor demand.
Conclusion
From Palm Beach Gardens, Fla., on September 4, 2025, Great Elm Capital Corp. delivered news of a strategic move in offering unsecured notes to the market. As the financial community looks forward to the Notes being traded on Nasdaq, potential investors await clarity on the interest rate and terms—final elements that will emerge from the underwriters’ negotiations.
