PALM BEACH GARDENS, Fla., Sept. 04, 2025 (WORLD NEWSWIRE)– Fantastic Elm Capital Corp. (the “Business” or “GECC”) GECC revealed today the start of an underwritten public offering of unsecured notes due 2030 (the “Notes”). The Notes are anticipated to be noted on The Nasdaq Global Market under the trading sign “GECCG,” and to trade thereon within one month from the initial problem date. The rates of interest and other regards to the Notes will be figured out by settlements in between the Business and the underwriters.
The Business anticipates to utilize all or a part of the net profits of this providing to redeem all of its impressive 8.75% notes due 2028 and the rest of the profits, if any, might be utilized (i) to redeem or redeemed all or a part of its impressive 5.875% notes due 2026; (ii) to buy all or a part of its impressive 8.50% notes due 2029; (iii) to buy all or a part of its impressive 8.125% notes due 2029; (iv) to pay back all or a part of any loanings impressive under its revolving credit center or (v) for basic business functions, consisting of making financial investments constant with its financial investment goals.
Lucid Capital Markets, LLC and Piper Sandler & & Co. are serving as joint book-running supervisors for the offering. Clear Street LLC, InspereX LLC and Janney Montgomery Scott LLC are serving as co-managers for the offering.
This news release does not make up a deal to offer or the solicitation of a deal to purchase the securities in this offering or any other securities nor will there be any sale of these securities or any other securities described in this news release in any state or jurisdiction in which such deal, solicitation or sale would be illegal previous to the registration or certification under the securities laws of such state or jurisdiction.
A registration declaration on Kind N-2 (No. 333-283503) connecting to these securities is on file with and has actually been stated efficient by the Securities and Exchange Commission (the “SEC”). An initial prospectus supplement and accompanying prospectus connecting to the Notes offering will be submitted with the SEC and will be readily available on SEC’s site situated at www.sec.gov. Copies of the initial prospectus supplement and accompanying prospectus might likewise be acquired, when readily available, from:
Lucid Capital Markets, LLC
570 Lexington Ave., 40th Flooring
New York City, New York City 10022
( 646) 362-0256
Financiers are recommended to thoroughly think about the financial investment goals, dangers and charges and expenditures of the Business before investing. The initial prospectus supplement and accompanying prospectus include a description of these matters and other crucial info about the Business and need to read thoroughly before investing.
The info in this news release and the initial prospectus supplement is not total and might be altered.
About Fantastic Elm Capital Corp.
GECC is an externally handled organization advancement business that looks for to produce existing earnings and capital gratitude by buying financial obligation and earnings producing equity securities, consisting of financial investments in specialized financing companies and CLOs.
Cautionary Declaration Relating To Positive Declarations
Declarations in this interaction that are not historic truths are “positive” declarations within the significance of the federal securities laws. These declarations consist of declarations concerning the proposed Notes providing consisting of the proposed terms and the anticipated usage of profits thereof and the anticipated listing of the Notes. These declarations are typically, however not constantly, made through making use of words or expressions such as “anticipate,” “expect,” “should,” “will,” “price quote,” “created,” “look for,” “continue,” “upside,” “possible” and comparable expressions. All such positive declarations include quotes and presumptions that undergo dangers, unpredictabilities and other aspects that might trigger real outcomes to vary materially from the outcomes revealed in the declarations. Amongst the crucial aspects that might trigger real outcomes to vary materially from those forecasted in the positive declarations are: conditions in the credit markets, increasing rates of interest, inflationary pressure, the cost of GECC typical stock and the efficiency of GECC’s portfolio and financial investment supervisor. Info worrying these and other aspects can be discovered in GECC’s Yearly Report on Kind 10-K and other reports submitted with the Securities and Exchange Commission. GECC presumes no responsibility to, and specifically disclaims any task to, upgrade any positive declarations included in this interaction or to adhere previous declarations to real outcomes or modified expectations other than as needed by law. Readers are warned not to put unnecessary dependence on these positive declarations that speak just since the date hereof.
Media & & Financier Contact:
Financier Relations
investorrelations@greatelmcap.com
Source: Great Elm Capital Corp.