Core Viewpoint - Stellus Capital Investment Corporation has announced a public offering of $50.0 million aggregate principal amount of 7.25% notes due 2030, which will increase the total outstanding amount of these notes to $125.0 million [1][2]. Group 1: Offering Details - The new notes are an additional issuance of the 7.25% notes due 2030, which were initially issued on April 1, 2025, in an aggregate principal amount of $75.0 million [2]. - The new notes will be treated as a single series with the existing notes and will have the same terms, CUSIP number, and ranking [2]. - The closing of the transaction is subject to customary closing conditions, with expected delivery on or about September 25, 2025 [2]. Group 2: Use of Proceeds - The net proceeds from this offering are intended to repay a portion of the company's 4.875% notes due 2026, of which $100.0 million aggregate principal amount was outstanding as of September 19, 2025 [4]. Group 3: Management and Advisors - Raymond James & Associates, Inc. is acting as the lead book-running manager for this offering, with Goldman Sachs & Co. LLC, Keefe, Bruyette & Woods, Inc., and Oppenheimer & Co. Inc. serving as lead managers [3]. - Additional co-managers include Ladenburg Thalmann & Co. Inc., Academy Securities Inc., East West Markets, LLC, and TCBI Securities, Inc. [3]. Group 4: 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 [8]. - The company's investment objective is to maximize total return to stockholders through current income and capital appreciation by investing primarily in private lower middle-market companies [8].
STELLUS CAPITAL INVESTMENT CORPORATION PRICES REOPENING OF $50.0 MILLION OF 7.25% NOTES DUE 2030