Great Elm Capital Corporation (GECC), a BDC, will be selling a new issue of $25 Notes with a maturity in 2026.
The company will use the proceeds to call their 6.50% notes (GECCL) which mature in 2022. No harm comes to holders as they are trading at $25.14 now.
In addition to the issue being called the company has 2 other issues outstanding which can be found here.
Eugene was on top of this new issue.