Great Elm Capital Responds to Inquiries Regarding First Brands Investment
GECC's Exposure to First Brands: GECC has investments in First Brands, which filed for bankruptcy, including a $9.3 million First Lien Loan and a $16.2 million Second Lien Loan, both placed on non-accrual status.
Impact on Net Asset Value: The fair market value of the First Lien Loan is expected to drop to approximately $1.7 million, and the Second Lien Loan to about $0.9 million, leading to an estimated total adverse impact of $16.5 million on GECC's net asset value for the quarter ending September 30, 2025.
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Janney Montgomery Scott Keeps Neutral Rating on Great Elm Capital, Reduces Price Target to $10
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Great Elm Capital Corp. (GECC) Announces Date for Third Quarter 2025 Earnings Release and Conference Call
Financial Results Announcement: Great Elm Capital Corp. will release its third-quarter financial results for the period ending September 30, 2025, on November 4, 2025, after market close.
Conference Call Details: A conference call to discuss the financial results is scheduled for November 5, 2025, at 8:30 a.m. ET, with dial-in numbers provided for both U.S. and international participants.
Accessing the Call: Participants are encouraged to join the call five minutes early and use the passcode "GECC." A slide presentation will be available on the company's website after the earnings release.
Company Overview: Great Elm Capital Corp. is a business development company focused on generating income and capital appreciation through investments in debt and equity securities, particularly in specialty finance and CLOs.
