Stellus Capital enters $100M ATM equity distribution agreement with KBW and Raymond James

Stellus Capital Investment Corp

Up to $100M of common stock may be sold at market prices through Keefe, Bruyette & Woods and Raymond James as sales agents.
Proceeds to be used to repay outstanding indebtedness and make investments in portfolio companies.
Sales agents receive 1.5% commission on gross sales price plus expense reimbursement.
Shares sold under existing shelf registration statement (Form N-2, File No. 333-265695).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Stellus Capital Investment Corp entered into Equity Distribution Agreement with Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc. valued at up to $100,000,000 in aggregate offering price (effective 2023-08-11).

Action: entry
Agreement: atm program
Counterparty: Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc.
Value: up to $100,000,000 in aggregate offering price
Effective: 2023-08-11

Exact text from the filing

On August 11, 2023, Stellus Capital Investment Corporation (the “Company”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Keefe, Bruyette & Woods, Inc. and Raymond James & Associates, Inc., as sales agents and/or principal thereunder (the “Sales Agents”).

View on SEC.gov

800 material agreements filed in the last 30 days. Browse all material agreements →

Stellus Capital Investment Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-090643

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.