{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-089452","form_type":"8-K","ticker":null,"cik":"0001901037","company_name":"Stellus Private Credit BDC","filed_at":"2025-09-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.551882+00:00","generated_at":"2026-05-17T06:46:59.988309+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Stellus Private Credit BDC upsizes credit facility to $300M, extends maturity to 2030","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-089452","json":"https://secwatch.observer/filing/0001104659-25-089452.json","markdown":"https://secwatch.observer/filing/0001104659-25-089452.md","text":"https://secwatch.observer/filing/0001104659-25-089452.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1901037/000110465925089452/0001104659-25-089452-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1901037/000110465925089452/tm2525996d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T06:46:59.988309+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6d381eb8cf1d0f3f8d11e030dab03c320db32c91","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1901037/000110465925089452/0001104659-25-089452-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"increased the commitment from $195 million to $300 million"},{"label":"Counterparty","value":"Zions Bancorporation, N.A., d/b/a Amegy Bank"},{"label":"Rate","value":"SOFR Loans and Alternative Currency Loans ... 2.25% to 2.50% ... ABR Loans and C"},{"label":"Maturity","value":"Commitment Termination Date to September 10, 2029 ... Final Maturity Date to September 10, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}