We advised Great Elm Capital on the offering 

Davis Polk advised Great Elm Capital Corp., a publicly traded business development company, in connection with its SEC-registered offering of $36 million aggregate principal amount of its 8.125% notes due 2029. Great Elm Capital Corp. intends to use the net proceeds from the offering, together with cash on hand, to redeem in full its outstanding 6.75% notes due 2025.

Great Elm Capital Corp., based in Palm Beach Gardens, Florida, is an externally managed business development company that seeks to generate both current income and capital appreciation through debt and income generating equity investments, including investments in specialty finance businesses.

The Davis Polk investment management team included partners Christopher P. Healey and Gregory S. Rowland, counsel Matthew R. Silver and associate Nausherwan Ahmed Aamir. The capital markets team included partner Hillary A. Coleman and associates Tomer Magid and Yuchen Liu. Counsel Christopher A. Baratta and associates William Liang and Kelsey Nelson provided tax advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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