secwatch.observer — SEC 8-K summary
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Issuer:     Stellus Capital Investment Corp (SCM)
CIK:        0001551901
Form:       8-K
Filed at:   2025-09-15T23:59:59+00:00
Accession:  0001104659-25-090030
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellus Capital expands revolver to $335M, extends maturity to 2030, cuts margins
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- Credit facility commitment increased from $315M to $335M; accordion cap raised to $365M.
- Commitment termination extended to Sept 2029; final maturity to Sept 2030.
- Applicable margin on eurocurrency/SOFR loans reduced to range of 2.25%–2.50% from prior levels.
- Borrower must prepay at least 50% of $68.8M 4.875% Unsecured Notes due 2026 by Sept 30, 2025; fully paid by Jan 1, 2026.
- New minimum shareholders' equity floor set at $181.8M plus 25% of net equity proceeds after June 30, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551901/000110465925090030/0001104659-25-090030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551901/000110465925090030/tm2526011d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-090030

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