---
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"
generated_at: "2026-05-17T06:46:59.988309+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Stellus Private Credit BDC upsizes credit facility to $300M, extends maturity to 2030

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-089452
- form_type: 8-K
- cik: 0001901037
- company_name: Stellus Private Credit BDC
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-089452
- JSON: https://secwatch.observer/filing/0001104659-25-089452.json
- Plain text: https://secwatch.observer/filing/0001104659-25-089452.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1901037/000110465925089452/0001104659-25-089452-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.