Loan & DebtJun 8, 2026, 05:11 PM
Great Elm Capital Extends Revolving Facility Maturity to June 2029
AI Summary
Great Elm Capital Corp. entered into the Sixth Amendment to its Loan, Guarantee and Security Agreement with City National Bank, extending the maturity date for borrowings under its Revolving Facility. The new maturity date is June 8, 2029, or March 31, 2029, if the company's 8.50% notes due 2029 are not refinanced by then. The company paid an extension fee of $350,000 for this amendment.
Key Highlights
- Revolving Facility maturity date extended to June 8, 2029.
- Maturity date can be March 31, 2029, if 8.50% notes due 2029 are not refinanced.
- Great Elm Capital paid an extension fee of $350,000 to City National Bank.
- The amendment updated definitions including "Availability Termination Date" and "Revolving Maturity Date".
Price Impact
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