debt
confidence high
sentiment neutral
materiality 0.50
Stellus Capital increases revolving credit facility to $250M; accordion to $300M
Stellus Capital Investment Corp
- Total commitments under credit facility raised from $230M to $250M; accordion increased to $300M.
- Five lenders increased commitments: Hancock Whitney ($33.5M), City National ($30M), CommunityBank ($21.5M), Texas Capital ($15M), Trustmark ($15M).
- Definition of Consolidated EBITDA amended to adjust for non-cash incentive fee accruals.
- Maximum commitments after any future increase capped at $300M.