Business development company Great Elm Capital Corp (NASDAQ:GECC) is going to offer a new offering of baby bonds.
The notes have a coupon of 6.50% and they will sell 1.6 million shares (bonds) with 240,000 shares available for over allotments.
The senior notes will mature in 2024 and carry a rating of BBB from Egan Jones (for what that is worth).
The baby bonds will have a ticker of GECCN.
GECC has a 2 older issues of baby bonds outstanding at this time which can be seen here.