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STELLUS CAPITAL INVESTMENT CORPORATION PRICES REOPENING OF $50.0 MILLION OF 7.25% NOTES DUE 2030
Stellus Capital Investment Corporation (NYSE: SCM) ("Stellus" or "the Company") today announced that it priced a public offering of $50.0 million aggregate principal amount of 7.25% notes due 2030 (the "Notes") on September 22, 2025.
About this update from Stellus Capital Investment Corporation
[{"type":"text","content":"HOUSTON, Sept. 23, 2025 /PRNewswire/ -- Stellus Capital Investment Corporation (NYSE: SCM) ("Stellus" or "the Company") today announced that it priced a public offering of $50.0 million aggregate principal amount of 7.25% notes due 2030 (the "Notes") on September 22, 2025.","length":308,"tagName":"p"},{"type":"text","content":"The Notes are an additional issuance of the 7.25% notes due 2030 that Stellus issued on April 1, 2025 in an aggregate principal amount of $75.0 million (the "Existing Notes"). The Notes will be treated as a single series with the Existing Notes under the indenture and will have the same terms as the Existing Notes. The Notes will have the same CUSIP number and will be fungible and rank equally with the Existing Notes. Upon the issuance of the Notes, the outstanding aggregate principal amount of Stellus' 7.25% notes due 2030 will be $125.0 million. The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered on or about September 25, 2025.","length":716,"tagName":"p","attribs":{}},{"type":"text","content":"Raymond James & Associates, Inc. is acting as the lead book-running manager for this offering, Goldman Sachs & Co. LLC, Keefe, Bruyette & Woods, Inc., and Oppenheimer & Co. Inc. are serving as lead managers for this offering, and Ladenburg Thalmann & Co. Inc., Academy Securities Inc., East West Markets, LLC, and TCBI Securities, Inc., doing business as Texas Capital Securities, are serving as co-managers for this offering.","length":446,"tagName":"p","attribs":{}},{"type":"text","content":"The Company intends to use the net proceeds from this offering to repay a portion of its 4.875% notes due 2026. As of September 19, 2025, Stellus had $100.0 million aggregate principal amount of 4.875% notes due 2026 outstanding.","length":229,"tagName":"p","attribs":{}},{"type":"text","content":"Investors are advised to consider carefully the investment objective, risks and charges and expenses of the Company before investing. The preliminary prospectus supplement dated September 22, 2025 and the accompanying prospectus dated August 6, 2025, each of which has been filed with the Securities and Exchange Commission (the "SEC"), contain a description of these matters and other important in...