Stellus Capital Investment Corp (SCM): debt financing — Stellus Capital issues $75M of 7.250% Notes due 2030; net proceeds to repay credit facility

Stellus Capital Investment Corp

Fourth Supplemental Indenture for $75M of 7.250% Notes due 2030 executed on April 1, 2025.
Interest at 7.250% per year paid semi-annually; first payment on October 1, 2025.
Notes are unsecured, rank pari passu with existing unsecured debt, structurally subordinated to subsidiary debt.
Net proceeds to repay Credit Facility borrowings; may be re-borrowed for investments and working capital.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Stellus Capital Investment Corp incurred senior notes of $75.0 million with U.S. Bank Trust Company, National Association at 7.250% per year maturing April 1, 2030.

Instrument: senior notes
Principal: $75.0 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 7.250% per year
Maturity: April 1, 2030
Event: incurrence

Exact text from the filing

On April 1, 2025, in connection with a previously announced public offering, the Company and U.S. Bank Trust Company, National Association (as successor-in-interest to U.S. Bank National Association), as trustee (the “Trustee”), entered into a Fourth Supplemental Indenture (the “Fourth Supplemental Indenture”) to the Base Indenture, dated May 5, 2014, between the Company and the Trustee (together with the Fourth Supplemental Indenture, the “Indenture”). The Fourth Supplemental Indenture relates to the Company’s issuance, offer and sale of $75.0 million in aggregate principal amount of its 7.250% Notes due 2030 (the “Notes”).

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Source: SEC EDGAR

accession 0001104659-25-031208

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