Stellus Private Credit BDC Enters Material Definitive Agreement
| Field | Detail |
|---|---|
| Company | Stellus Private Credit Bdc |
| Form Type | 8-K |
| Filed Date | Sep 12, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $195 million, $300 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation
TL;DR
Stellus Private Credit BDC just signed a big deal, creating a new financial obligation.
AI Summary
On September 10, 2025, Stellus Private Credit BDC entered into a material definitive agreement, creating a direct financial obligation. The company, headquartered in Houston, Texas, filed this Form 8-K on September 12, 2025, detailing this significant financial event.
Why It Matters
This filing indicates Stellus Private Credit BDC has undertaken a new financial commitment, which could impact its balance sheet and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and creating financial obligations can introduce new risks related to debt, performance, and market conditions.
Key Players & Entities
- Stellus Private Credit BDC (company) — Registrant
- September 10, 2025 (date) — Date of Earliest Event Reported
- September 12, 2025 (date) — Date of Report
- 4400 Post Oak Parkway, Suite 2200, Houston, Texas 77027 (location) — Principal Executive Offices
- 713-292-5400 (phone_number) — Registrant's telephone number
FAQ
What type of material definitive agreement did Stellus Private Credit BDC enter into?
The filing states that the company entered into a 'Material Definitive Agreement' and created a 'Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement,' but the specific details of the agreement are not provided in this summary.
When was the earliest event reported in this filing?
The earliest event reported was on September 10, 2025.
What is the principal executive office address for Stellus Private Credit BDC?
The principal executive offices are located at 4400 Post Oak Parkway, Suite 2200, Houston, Texas 77027.
What is the filing date for this Form 8-K?
This Form 8-K was filed on September 12, 2025.
What is the IRS Employer Identification Number (EIN) for Stellus Private Credit BDC?
The EIN for Stellus Private Credit BDC is 87-6878660.
Filing Stats: 773 words · 3 min read · ~3 pages · Grade level 12.1 · Accepted 2025-09-12 13:56:00
Key Financial Figures
- $195 million — ings: (i) increased the commitment from $195 million to $300 million, (ii) extended the Comm
- $300 m — sed the commitment from $195 million to $300 million, (ii) extended the Commitment Ter
Filing Documents
- tm2525996d1_8k.htm (8-K) — 27KB
- tm2525996d1_ex10-1.htm (EX-10.1) — 100KB
- 0001104659-25-089452.txt ( ) — 303KB
- none-20250910.xsd (EX-101.SCH) — 3KB
- none-20250910_lab.xml (EX-101.LAB) — 33KB
- none-20250910_pre.xml (EX-101.PRE) — 22KB
- tm2525996d1_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement. On September 10, 2025, Stellus Private Credit BDC (the "Company") entered into a First Amendment to the Credit Agreement (the "First Amendment"), by and among the Company, as the borrower, Zions Bancorporation, N.A., d/b/a Amegy Bank ("Amegy Bank"), as Administrative Agent, Swingline Lender and LC Issuer, and various other lenders that are party thereto from time to time (collectively, the "Lenders"). The First Amendment amends that certain Credit Agreement, dated as of September 30, 2022 (as subsequently supplemented by various increase agreements, the "Credit Facility") by and among the Company, as the borrower, Amegy Bank, as Administrative Agent, Swingline Lender and LC Issuer and the Lenders that are party thereto from time to time. The First Amendment, among other things: (i) increased the commitment from $195 million to $300 million, (ii) extended the Commitment Termination Date to September 10, 2029, (iii) extended the Final Maturity Date to September 10, 2030, (iv) reduced the applicable margin rate on SOFR Loans and Alternative Currency Loans (other than Canadian Prime Rate Loans) to a range of 2.25% to 2.50% and the range of applicable margin on ABR Loans and Canadian Prime Rate Loans to a range of 1.25% to 1.50% for borrowings under the Credit Facility, (v) authorized the replacement of CDOR with the CORRA benchmark, (vi) removed credit spread adjustments, and (vii) revised certain borrowing base and financial covenant calculations. Capitalized terms under this Item 1.01, unless otherwise defined herein, have the meaning ascribed to them under the Credit Facility. The description above is only a summary of the material provisions of the First Amendment and is qualified in its entirety by reference to a copy of the First Amendment, 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 First Amendment to Credit Agreement, dated as of September 10, 2025, between Stellus Private Credit BDC, the lenders party thereto, and Zions Bancorporation, N.A., d/b/a Amegy Bank, as Administrative Agent, Swingline Lender, and the LC Issuer. 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 Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. Stellus Private Credit bdc Date: September 12, 2025 By: /s/ W. Todd Huskinson Name: W. Todd Huskinson Title: Chief Financial Officer, Chief Operating Officer and Secretary