secwatch.observer — SEC 8-K summary
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Issuer:     Stellus Private Credit BDC (—)
CIK:        0001901037
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001104659-25-089452
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1901037/000110465925089452/0001104659-25-089452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1901037/000110465925089452/tm2525996d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-089452

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