Stellus Capital Investment Corporation announced the pricing of a public offering for the reopening of its 7.25% notes due 2030, raising an additional $50.0 million in aggregate principal amount. This offering was priced on September 22, 2025, with the Notes expected to be delivered on or about September 25, 2025.
This issuance represents an additional tranche of the 7.25% notes due 2030 that Stellus Capital initially issued on April 1, 2025, for $75.0 million. Upon the closing of this reopening, the total outstanding aggregate principal amount of Stellus' 7.25% notes due 2030 will increase to $125.0 million.
The company intends to use the net proceeds from this offering to repay a portion of its existing 4.875% notes due 2026. As of September 19, 2025, Stellus Capital had $100.0 million aggregate principal amount of these 4.875% notes outstanding, demonstrating a proactive approach to managing its debt maturities and capital structure.
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