---
schema_version: "secwatch.filing_event.v1"
accession: "0001473844-24-000046"
form_type: "8-K"
ticker: "STEL"
cik: "0001473844"
company_name: "Stellar Bancorp, Inc."
filed_at: "2024-12-18T23:59:59+00:00"
generated_at: "2026-05-29T01:58:21.053254+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stellar Bancorp ups revolving credit line to $75M and redeems $40M subordinated notes

## Summary
- New $75M revolving credit line from Frost Bank at 3-month SOFR + 2.75%, maturing Dec 13, 2033.
- Interest-only through Dec 13, 2026; then 84-month amortization; $0 drawn as of Dec 13, 2024.
- Stellar Bank redeemed all $40M subordinated notes due 2027 at par plus accrued interest; no draw on line.
- Financial covenants tightened: max Texas ratio reduced to 20% (from 25%); min Tier 1 leverage raised to 8% (from 7%).

## SEC filing metadata
- accession: 0001473844-24-000046
- form_type: 8-K
- ticker: STEL
- cik: 0001473844
- company_name: Stellar Bancorp, Inc.
- filed_at: 2024-12-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473844/000147384424000046/0001473844-24-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473844/000147384424000046/stel-20241213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001473844-24-000046
- JSON: https://secwatch.observer/filing/0001473844-24-000046.json
- Plain text: https://secwatch.observer/filing/0001473844-24-000046.txt

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