---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-120815"
form_type: "8-K"
ticker: "SCM"
cik: "0001551901"
company_name: "Stellus Capital Investment Corp"
filed_at: "2023-11-22T23:59:59+00:00"
generated_at: "2026-06-07T22:11:12.476464+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stellus amends credit facility: cuts commitment to $260M, extends maturity to 2028, lowers interest coverage covenant

## Summary
- Maximum commitment reduced from $265M to $260M; accordion limit raised from $315M to $350M.
- Commitment termination extended to Nov 21, 2027; final maturity to Nov 21, 2028.
- Interest coverage ratio requirement lowered from 2.00:1.00 to 1.75:1.00, effective Q4 2023.
- Requires refinancing of $115M 4.875% Unsecured Notes due 2026 by Sept 30, 2025.
- Authorizes replacement of CDOR with CORRA benchmark for Canadian dollar advances.

## SEC filing metadata
- accession: 0001104659-23-120815
- form_type: 8-K
- ticker: SCM
- cik: 0001551901
- company_name: Stellus Capital Investment Corp
- filed_at: 2023-11-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551901/000110465923120815/0001104659-23-120815-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551901/000110465923120815/tm2331421d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-120815
- JSON: https://secwatch.observer/filing/0001104659-23-120815.json
- Plain text: https://secwatch.observer/filing/0001104659-23-120815.txt

## Key facts
- Material Agreements
  Stellus Capital Investment Corp amended Fourth Amendment to Amended and Restated Senior Secured Revolving Credit Agreement with Zions Bancorporation, N.A. dba Amegy Bank valued at Decreased maximum commitment from $265,000,000 to $260,000,000; increased accordion limit from $315, (effective 2023-11-21).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Zions Bancorporation, N.A. dba Amegy Bank
  - Value: Decreased maximum commitment from $265,000,000 to $260,000,000; increased accordion limit from $315,
  - Effective: 2023-11-21
  source text: On November 21, 2023, Stellus Capital Investment Corporation (the “Company”) entered into the Fourth Amendment to Amended and Restated Senior Secured Revolving Credit Agreement (the “Fourth Amendment Agreement”) by and among the Company, as the borrower, Zions Bancorporation, N.A. dba Amegy Bank (“Amegy Bank”), as the administrative agent, and the lenders that are party thereto from time to time (collectively, the “Lenders”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551901/000110465923120815/0001104659-23-120815-index.htm

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