Stellus Capital ups revolving credit facility to $265M, transitions from LIBOR to SOFR

Stellus Capital Investment Corp

Revolving credit facility increased from $250M to $265M; commitments raised by Amegy Bank, Frost Bank, Hancock Whitney, CommunityBank of Texas.
Term SOFR + 2.50% (2.75% if asset coverage <=1.90x) plus credit spread adjustment (0.10%-0.15%); 0.25% SOFR floor.
Alternate base rate option remains: prime rate (3% floor) + 1.50% (1.75% if coverage test triggered).
Amendment dated May 13, 2022, subject to conditions including lender approvals and UCC searches.
Third Amendment formalizes LIBOR to SOFR transition, waives break funding fees for prior Eurocurrency loans.

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