Great Elm Capital Prices Public Offering Of $40M Of 8.75% Notes Due 2028
Portfolio Pulse from Benzinga Newsdesk
Great Elm Capital has priced its underwritten public offering of $40M aggregate principal amount of its 8.75% notes due 2028. The net proceeds to the company will be approximately $38.2M after payment of underwriting discounts, commissions, and estimated offering expenses.
August 09, 2023 | 5:34 am
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NEUTRAL IMPACT
Great Elm Capital's public offering of $40M of 8.75% notes due 2028 may impact its short-term liquidity and financial stability.
The public offering of $40M of 8.75% notes due 2028 by Great Elm Capital will increase the company's short-term liquidity. However, it also implies a future obligation to pay back the principal amount along with the interest, which could impact the company's financial stability in the long run. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100