debt
confidence high
sentiment neutral
materiality 0.45
Stellus Capital increases credit facility commitments from $260M to $315M
Stellus Capital Investment Corp
- Commitments under the senior secured revolver raised by $55M to $315M via Increase Agreement dated Oct 30, 2024.
- New lenders Bank OZK ($45M commitment) and Commerce Bank ($10M commitment) join the facility.
- Existing lender Zions/Amegy Bank continues as administrative agent and LC issuer.
- Borrower represented no default exists and representations remain true after the increase.
- Subsidiary guarantors consented and affirmed their obligations remain in effect.