debt
confidence high
sentiment neutral
materiality 0.55
Stellus Capital issues $50M add-on to 7.250% Notes due 2030; total outstanding now $125M
Stellus Capital Investment Corp
- Issued $50M aggregate principal of 7.250% Notes due 2030 at a price yielding total proceeds of ~$50.65M before discounts/expenses.
- Notes are a single series with the existing $75M of 7.250% Notes due 2030, bringing total to $125M; same CUSIP and terms.
- Net proceeds will be used to repay a portion of the 4.875% Notes due 2026.
- Notes mature April 1, 2030; semi-annual interest at 7.250% per year; unsecured and rank pari passu with existing unsecured debt.
- Offering closed September 25, 2025; made under effective shelf registration statement.
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