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Great Elm Capital Prices Baby Bonds

While it took over a month to get the deal done, Great Elm Capital (GECC) finally has priced the issue of baby bonds initially announced over a month ago.

The issue has priced the notes at 5.875%.

The permanent ticker will be GECCO when the issue finally begins to trade in a few days. There will be no OTC grey market trading in the issue so if one wants shares (bonds) before exchange trading they will need to call their broker.

The pricing term sheet can be read here.

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