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STELLUS CAPITAL INVESTMENT CORPORATION PRICES OFFERING OF $75 MILLION OF 7.25% NOTES DUE 2030
SCMStellus Capital Investment (SCM) Prnewswire·2025-03-26 00:08

Core Viewpoint - Stellus Capital Investment Corporation has announced a public offering of 75millionin7.2575 million in 7.25% notes due 2030, aimed at repaying part of its outstanding credit facility and potentially investing in lower middle-market companies [1][3]. Group 1: Offering Details - The public offering consists of 75 million aggregate principal amount of 7.25% notes, maturing on April 1, 2030, with interest payable semi-annually starting October 1, 2025 [1]. - The notes may be redeemed at the Company's option at par plus a "make-whole" premium [1]. - The offering is managed by Raymond James & Associates, Inc. as the lead book-running manager, with Goldman Sachs & Co. LLC and Keefe, Bruyette & Woods, Inc. as passive book-runners [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to repay a portion of the 236.4millionoutstandingundertheCompany′screditfacility[3].−TheCompanymayre−borrowunderitscreditfacilitytoinvestinlowermiddle−marketcompaniesandforgeneralcorporatepurposes[3].Group3:CompanyOverview−StellusCapitalInvestmentCorporationisanexternally−managed,closed−end,non−diversifiedinvestmentmanagementcompanyregulatedasabusinessdevelopmentcompanyundertheInvestmentCompanyActof1940[7].−TheCompany′sinvestmentobjectiveistomaximizetotalreturnthroughcurrentincomeandcapitalappreciationbyinvestingprimarilyinprivatelowermiddle−marketcompanieswithEBITDAbetween236.4 million outstanding under the Company's credit facility [3]. - The Company may re-borrow under its credit facility to invest in lower middle-market companies and for general corporate purposes [3]. Group 3: Company Overview - Stellus Capital Investment Corporation is an externally-managed, closed-end, non-diversified investment management company regulated as a business development company under the Investment Company Act of 1940 [7]. - The Company's investment objective is to maximize total return through current income and capital appreciation by investing primarily in private lower middle-market companies with EBITDA between 5 million and $50 million [7].