Great Elm Capital Corp. Prices Public Offering of $40.0 Million of 6.50% Notes Due 2024
The Notes will mature on
The closing of the transaction is subject to customary closing conditions, and the Notes are expected to be delivered on or about
The Company intends to use the net proceeds from this offering to make investments consistent with its investment objectives and for general corporate purposes. Pending the investment of the net proceeds in investments consistent with its investment objectives, the Company may invest the net proceeds of this offering in cash, cash equivalents, U.S. government securities, money market mutual funds and other high quality debt instruments that mature in one year or less, or “temporary investments,” as appropriate.
* A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
A registration statement relating to these securities is on file with and has been declared effective by the
Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing. The preliminary prospectus, dated
Cautionary Statement Regarding Forward-Looking Statements
Statements in this communication that are not historical facts are “forward-looking” statements within the meaning of the federal securities laws. These statements are often, but not always, made through the use of words or phrases such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimate,” “aim,” “target,” “opportunity,” “tentative,” “positioning,” “designed,” “create,” “seek,” “would,” “could,” “continue,” “ongoing,” “upside,” “increases,” “potential” and similar expressions. All such forward-looking statements involve estimates and assumptions that are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed in the statements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are: conditions in the credit markets, the price of GECC common stock and the performance of GECC’s portfolio and investment manager. Information concerning these and other factors can be found in GECC’s registration statement, its Annual Report on Form 10-K and other reports GECC has filed with the
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Source: Great Elm Capital Corp.