debt
confidence high
sentiment neutral
materiality 0.60
Stellus Capital announces partial redemption of $50M of its 4.875% Notes due 2026
Stellus Capital Investment Corp
- Will redeem 50% ($50M) of its $100M 4.875% Notes due 2026 on Sept 30, 2025.
- Redemption price: 100% of principal plus accrued interest (~$1.22M) plus make-whole premium (Treasury rate + 50 bps).
- Interest on redeemed notes ceases on the redemption date; holders must surrender notes for payment.
- Partial redemption reduces outstanding debt; remaining $50M of notes continue to trade.
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