---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-062893"
form_type: "8-K"
ticker: "SCM"
cik: "0001551901"
company_name: "Stellus Capital Investment Corp"
filed_at: "2022-05-19T23:59:59+00:00"
generated_at: "2026-06-25T09:11:43.945825+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-22-062893
- form_type: 8-K
- ticker: SCM
- cik: 0001551901
- company_name: Stellus Capital Investment Corp
- filed_at: 2022-05-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551901/000110465922062893/0001104659-22-062893-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551901/000110465922062893/tm2215608d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-062893
- JSON: https://secwatch.observer/filing/0001104659-22-062893.json
- Plain text: https://secwatch.observer/filing/0001104659-22-062893.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.