Stellus Capital Investment Corp. Files 8-K on Financial Obligation

TL;DR

Stellus Capital (SCL) filed an 8-K on a new financial obligation. Details TBD.

AI Summary

Stellus Capital Investment Corp. entered into a material definitive agreement on October 30, 2024, related to a direct financial obligation. The company, incorporated in Maryland, filed an 8-K report on November 1, 2024, detailing this event. The filing does not specify the exact nature or dollar amount of the financial obligation.

Why It Matters

This filing indicates a new financial commitment or obligation for Stellus Capital Investment Corp., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a new financial obligation, the details of which are not yet fully disclosed, introducing some uncertainty.

Key Players & Entities

• Stellus Capital Investment Corp. (company) — Registrant
• October 30, 2024 (date) — Date of earliest event reported
• November 1, 2024 (date) — Date of report
• Maryland (jurisdiction) — State of Incorporation

FAQ

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share SCM New York Stock Exchange
• $260,000,000 — mitments under the Credit Facility from $260,000,000 to $315,000,000 on a committed basis.
• $315,000,000 — he Credit Facility from $260,000,000 to $315,000,000 on a committed basis. The description

Filing Documents

• tm2427269d1_8k.htm (8-K) — 28KB
• tm2427269d1_ex10-1.htm (EX-10.1) — 49KB
• 0001104659-24-113515.txt ( ) — 255KB
• scm-20241030.xsd (EX-101.SCH) — 3KB
• scm-20241030_lab.xml (EX-101.LAB) — 33KB
• scm-20241030_pre.xml (EX-101.PRE) — 22KB
• tm2427269d1_8k_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 30, 2024, Stellus Capital Investment Corporation (the "Company") entered into an Increase Agreement (the "Increase Agreement") to the Amended and Restated Senior Secured Revolving Credit Agreement by and among the Company, as the borrower, Zions Bancorporation, N.A. dba Amegy Bank, as the administrative agent, and the lenders that are party thereto from time to time, which, among other things, amends that certain Amended and Restated Senior Secured Revolving Credit Agreement dated as of September 18, 2020 (as amended, supplemented, and restated or otherwise modified from time to time, the "Credit Facility"). The Increase Agreement increases the total Commitments under the Credit Facility from $260,000,000 to $315,000,000 on a committed basis. The description above is only a summary of the material provisions of the Increase Agreement and is qualified in its entirety by reference to a copy of the Increase Agreement, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference herein.

03 Creation of a Direct Financial Obligation or an Obligation

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of Registrant. The information contained in Item 1.01 to this current report on Form 8-K is by this reference incorporated in this Item 2.03.

01 Financial Statements

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Increase Agreement, dated October 30, 2024, between the Company, as a borrower, Zions Bancorporation, N.A. dba Amegy Bank, as the administrative agent, and the lenders that are party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 as amended, the Registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 1, 2024 STELLUS CAPITAL INVESTMENT CORPORATION By: /s/ W. Todd Huskinson W. Todd Huskinson Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR