08/22/2024 | Press release | Distributed by Public on 08/22/2024 14:34
Item 1.01 | Entry into a Material Definitive Agreement. |
On August 20, 2024, Great Elm Capital Corp. (the "Company"), Green SPE, LLC ("Green"), Crown LB, LLC ("Crown") and CLO Formation JV, LLC (the "JV") entered into a Second Amended and Restated Limited Liability Company Agreement (the "LLC Agreement") of the JV, pursuant to which the Company owns 71.25% of the membership interests in the JV, Green owns 23.75% of the membership interests in the JV and Crown owns 5.0% of the membership interests in the JV. The JV was formed to make investments in collateralized loan obligation entities and related warehouse facilities.
The foregoing description of the terms of the LLC Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the LLC Agreement. The LLC Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.