Stellus Private Credit BDC: debt financing — Stellus Private Credit BDC upsizes credit facility to $300M, extends maturity to 2030

Stellus Private Credit BDC

Commitment increased from $195M to $300M; new lenders Bank OZK and Stellar Bank joined.
Commitment termination date extended to Sept 10, 2029; final maturity to Sept 10, 2030.
Applicable margin on SOFR loans reduced to 2.25%-2.50% (from prior range).
Borrowing base now includes Refinancing Reserve of $10M for upcoming debt maturities.
Minimum shareholders' equity set at $150M plus 25% of post-June 30, 2025 equity proceeds.

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 Private Credit BDC amended credit facility of increased the commitment from $195 million to $300 million with Zions Bancorporation, N.A., d/b/a Amegy Bank at SOFR Loans and Alternative Currency Loans ... 2.25% to 2.50% ... ABR Loans and C maturing Commitment Termination Date to September 10, 2029 ... Final Maturity Date to September 10, 2030.

Instrument: credit facility
Principal: increased the commitment from $195 million to $300 million
Counterparty: Zions Bancorporation, N.A., d/b/a Amegy Bank
Rate: SOFR Loans and Alternative Currency Loans ... 2.25% to 2.50% ... ABR Loans and C
Maturity: Commitment Termination Date to September 10, 2029 ... Final Maturity Date to September 10, 2030
Event: amendment

Exact text from the filing

Agent, Swingline Lender and LC Issuer and the Lenders that are party thereto from time to time. The First Amendment, among other things: (i) increased the commitment from $195 million to $300 million, (ii) extended the Commitment Termination Date to September 10, 2029, (iii) extended the Final Maturity Date to September 10, 2030, (iv) reduced the applicable

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Source: SEC EDGAR

accession 0001104659-25-089452

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