Stellus Capital Investment Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event
Reported): September 15, 2025 (
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Item 1.01 Entry into a Material Definitive Agreement.
On September 11, 2025, Stellus Capital Investment Corporation (the “Company”) entered into a Sixth Amendment to Amended and Restated Senior Secured Revolving Credit Agreement (the “Sixth 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, Issuing Bank and Multicurrency Lender, and various other lenders that are party thereto from time to time (collectively, the “Lenders”). The Sixth Amendment amends that certain Amended and Restated Senior Secured Revolving Credit Agreement, dated as of September 18, 2020 (as amended, supplemented or otherwise modified from time to time, the “Credit Facility”) by and among the Company, as the borrower, Amegy Bank, as Administrative Agent, and the Lenders that are party thereto from time to time. The First Amendment, among other things: (i) increased the commitment from $315 million to $335 million and increased the accordion cap from $350 million to $365 million, (ii) extended the Commitment Termination Date to September 11, 2029, (iii) extended the Final Maturity Date to September 11, 2030, (iv) reduced the applicable margin rate on Eurocurrency Loans, SOFR Loans, Alternative Currency Loans (SONIA) 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) removed credit spread adjustments, and (vi) 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 Sixth Amendment and is qualified in its entirety by reference to a copy of the Sixth Amendment, which is filed as Exhibit 10.1 to this current report on Form 8-K and incorporated by reference herein.
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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number |
Description |
| 10.1 | Sixth Amendment to Amended and Restated Senior Secured Revolving Credit Agreement, dated as of September 11, 2025, between Stellus Capital Investment Corporation, the lenders party thereto, and Zions Bancorporation, N.A., d/b/a Amegy Bank, as Administrative Agent, Swingline Lender, Issuing Bank and Multicurrency Lender. |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
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.
| Date: September 15, 2025 | Stellus Capital Investment Corporation | ||
| By: | /s/ W. Todd Huskinson | ||
| Name: | W. Todd Huskinson | ||
| Title: | Chief Financial Officer | ||