Great Elm Capital Corp. Announces Amended and Upsized Revolving Credit Facility

PALM BEACH GARDENS, Fla., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Great Elm Capital Corp. ("we," "our," the "Company" or "GECC") (NASDAQ:GECC), a business development company, today announced it has entered into an amendment to its revolving credit facility (the "Revolving Credit Facility") with City National Bank ("CNB") to, among other things, increase the borrowing capacity under the Revolving Credit Facility from $25.0 million to $50.0 million. The amendment allows the Company, under certain circumstances, to increase the overall borrowing capacity to a maximum of $90.0 million. In addition, the amendment reduces the interest rate on the Revolving Credit Facility to the applicable Secured Overnight Financing Rate ("SOFR") plus 2.50% from SOFR plus 3.00%.     

"We are very pleased to announce this amendment to our revolving credit facility with CNB," said Matt Kaplan, GECC's Chief Executive Officer. "The increased borrowing capacity is a testament to our growing capital base and strong operational performance since ...