Stellus Private Credit BDC Enters Material Definitive Agreement
| Field | Detail |
|---|---|
| Company | Stellus Private Credit Bdc |
| Form Type | 8-K |
| Filed Date | Oct 8, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $50 million, $75 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 October 8, 2025, Stellus Private Credit BDC entered into a material definitive agreement, creating a direct financial obligation. The filing details this agreement and related financial obligations, with the company's principal executive offices located at 4400 Post Oak Parkway, Suite 2200, Houston, Texas 77027.
Why It Matters
This filing indicates a significant new financial commitment or obligation for Stellus Private Credit BDC, which could impact its financial structure 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
- October 8, 2025 (date) — Date of Earliest Event Reported
- 4400 Post Oak Parkway, Suite 2200, Houston, Texas 77027 (location) — Principal Executive Offices
- 713-292-5400 (phone_number) — Registrant's telephone number
FAQ
What is the nature of the material definitive agreement entered into by Stellus Private Credit BDC?
The filing states that Stellus Private Credit BDC entered into a material definitive agreement and created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details of the agreement are not provided in this summary.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 8, 2025.
Where are Stellus Private Credit BDC's principal executive offices located?
Stellus Private Credit BDC's principal executive offices are located at 4400 Post Oak Parkway, Suite 2200, Houston, Texas 77027.
What is the SEC file number for Stellus Private Credit BDC?
The SEC file number for Stellus Private Credit BDC is 814-01475.
What is the IRS Employer Identification Number (EIN) for Stellus Private Credit BDC?
The IRS Employer Identification Number (EIN) for Stellus Private Credit BDC is 87-6878660.
Filing Stats: 736 words · 3 min read · ~2 pages · Grade level 12.4 · Accepted 2025-10-08 16:31:15
Key Financial Figures
- $50 million — hings, (i) increase the commitment from $50 million to $75 million, (ii) reduce the applica
- $75 m — ease the commitment from $50 million to $75 million, (ii) reduce the applicable margi
Filing Documents
- tm2528161d1_8k.htm (8-K) — 27KB
- tm2528161d1_ex10-01.htm (EX-10.01) — 34KB
- 0001104659-25-097942.txt ( ) — 226KB
- none-20251008.xsd (EX-101.SCH) — 3KB
- none-20251008_lab.xml (EX-101.LAB) — 33KB
- none-20251008_pre.xml (EX-101.PRE) — 22KB
- tm2528161d1_8k_htm.xml (XML) — 3KB
01
Item 1.01. Entry into a Material Definitive Agreement On October 2, 2025, Stellus Private Credit BDC (the "Company") entered into Amendment No. 2 to Loan Financing and Servicing Agreement (the "Second Amendment"), by and among Stellus Private Credit BDC SPV LLC ("Stellus SPV"), as borrower (the "Borrower"), the Company, as servicer, Deutsche Bank AG, New York Branch ("Deutsche Bank"), as facility agent, agent and a committed lender, which amends that certain Loan Financing and Servicing Agreement, dated as of August 1, 2024 (as further amended and restated, supplemented or otherwise modified from time to time prior to the Second Amendment, the "Existing Agreement", and the Existing Agreement as amended by the Second Amendment, the "Loan Agreement"), by and among the Borrower, the Company, as equityholder and servicer, Deutsche Bank, as facility agent, Citibank, N.A., as collateral agent and collateral custodian, Alter Domus (US) LLC, as collateral administrator, and the lenders and other agents that are party thereto from time to time. The Second Amendment amended the Existing Agreement to, among other things, (i) increase the commitment from $50 million to $75 million, (ii) reduce the applicable margin rate on Advances under the Loan Agreement to a range of 2.00% to 2.35%, (iii) extend the Revolving Period to October 2, 2028, and (iv) extend the maturity date to October 2, 2031. Capitalized terms under this Item 1.01, unless otherwise defined herein, have the meaning ascribed to them under the Loan Agreement. The description above is only a summary of the material provisions of the Second Amendment and is qualified in its entirety by reference to the copy of the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
03
Item 2.03 Creation of a Direct Financial Obligation The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 10.01 Amendment No. 2 to Loan Financing and Servicing Agreement, dated as of October 2, 2025, by and among Stellus Private Credit BDC SPV LLC, as borrower, the Company, as servicer, Deutsche Bank AG, New York Branch, as facility agent, agent and a committed lender. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document). SIGNATURE 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: October 8, 2025 By: /s/ W. Todd Huskinson Name: W. Todd Huskinson Title: Chief Financial Officer, Chief Operating Officer and Secretary