{"id":412571,"date":"2021-01-11T17:28:20","date_gmt":"2021-01-11T22:28:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412571"},"modified":"2021-01-11T17:28:20","modified_gmt":"2021-01-11T22:28:20","slug":"stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/","title":{"rendered":"Stellus Capital Investment Corporation Prices Offering Of $100 Million Of 4.875% Notes Due 2026"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">HOUSTON<\/span>, <span class=\"xn-chron\">Jan. 11, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Stellus Capital Investment Corporation (NYSE: SCM) (&#8220;Stellus&#8221; or &#8220;the Company&#8221;) today announced that it priced a public offering of <span class=\"xn-money\">$100 million<\/span> aggregate principal amount of 4.875% notes due 2026 (the &#8220;Notes&#8221;) on <span class=\"xn-chron\">January 11, 2021<\/span>. The Notes will mature on <span class=\"xn-chron\">March 30<\/span>, 2026,\u00a0and may be redeemed in whole or in part at any time or from time to time at the Company&#8217;s option at par plus a &#8220;make-whole&#8221; premium, if applicable. The Notes will bear interest at a rate of 4.875% per year payable semi-annually on <span class=\"xn-chron\">March 30<\/span> and <span class=\"xn-chron\">September 30<\/span> of each year, beginning <span class=\"xn-chron\">September 30, 2021<\/span>. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/416430\/Stellus_Capital_Investment_Corporation_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/416430\/Stellus_Capital_Investment_Corporation_Logo.jpg\" title=\"\" alt=\"\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\n        <span class=\"xn-person\">Raymond James<\/span> &amp; Associates, Inc. is acting as sole book-running manager for this offering.<\/p>\n<p>The closing of the transaction is subject to customary closing conditions and the Notes are expected to be delivered on or about <span class=\"xn-chron\">January 14, 2021<\/span>. <\/p>\n<p>The Company intends to use the net proceeds from this offering to redeem all of its outstanding 5.75% notes due 2022 and to repay a portion of the amount outstanding under its credit facility. However, the Company may\u00a0re-borrow\u00a0under its credit facility and use such borrowings to invest in lower middle-market companies in accordance with its investment objective and strategies and for working capital and general corporate purposes. As of <span class=\"xn-chron\">January 8, 2021<\/span>, the Company had <span class=\"xn-money\">$171.0 million<\/span> in outstanding indebtedness under its credit facility.<\/p>\n<p>Investors are advised to consider carefully the investment objective, risks and charges and expenses of the Company before investing. <b>The preliminary prospectus supplement dated <span class=\"xn-chron\">January 11, 2021<\/span> and the accompanying prospectus dated <span class=\"xn-chron\">June 21, 2019<\/span>, each of which has been filed with the Securities and Exchange Commission (the &#8220;SEC&#8221;), contain a description of these matters and other important information about the Company and should be read carefully before investing.<\/b><\/p>\n<p>This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of the Notes referred to in this press release, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.<b>\u00a0<\/b>A registration statement (File No. 333-231111) relating to the Notes was filed and has been declared effective by the SEC.<\/p>\n<p>\n        <b>This offering is being made solely by means of a written prospectus forming part of the effective registration statement and a related preliminary prospectus supplement, which may be obtained for free by visiting the SEC&#8217;s website at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3033591-1&amp;h=3469378885&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=www.sec.gov\" rel=\"nofollow noopener noreferrer\">www.sec.gov<\/a> or from <span class=\"xn-person\">Raymond James<\/span> &amp; Associates, Inc., 880 Carillon Parkway, <span class=\"xn-location\">St. Petersburg, Florida<\/span> 33716, email: <a target=\"_blank\" href=\"mailto:prospectus@raymondjames.com\" rel=\"nofollow noopener noreferrer\">prospectus@raymondjames.com<\/a> or by calling 800-248-8863. <\/b>\n      <\/p>\n<p>\n        <b>About Stellus Capital Investment Corporation<\/b>\n      <\/p>\n<p>The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company&#8217;s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with <span class=\"xn-money\">$5.0 million<\/span> to <span class=\"xn-money\">$50.0 million<\/span> of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unitranche and mezzanine debt financing, and corresponding equity investments. The Company&#8217;s investment activities are managed by its investment adviser, Stellus Capital Management. To learn more about Stellus Capital Investment Corporation, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3033591-1&amp;h=915165553&amp;u=http%3A%2F%2Fwww.stelluscapital.com%2F&amp;a=www.stelluscapital.com\" rel=\"nofollow noopener noreferrer\">www.stelluscapital.com<\/a> under the &#8220;Public Investors&#8221; link.<\/p>\n<p>\n        <b>FORWARD-LOOKING STATEMENTS<\/b>\n      <\/p>\n<p>Statements included herein may contain &#8220;forward-looking statements&#8221; which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the SEC including the final prospectus that will be filed with the SEC. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.<\/p>\n<p>\n        <b>Contacts<br \/><\/b>Stellus Capital Investment Corporation<br \/>W. <span class=\"xn-person\">Todd Huskinson<\/span>, (713) 292-5414<br \/>Chief Financial Officer<br \/><a target=\"_blank\" href=\"mailto:thuskinson@stelluscapital.com\" rel=\"nofollow noopener noreferrer\">thuskinson@stelluscapital.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA44956&amp;sd=2021-01-11\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026--301205700.html\">http:\/\/www.prnewswire.com\/news-releases\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026&#8211;301205700.html<\/a><\/p>\n<p>SOURCE  Stellus Capital Investment Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA44956&amp;Transmission_Id=202101111725PR_NEWS_USPR_____DA44956&amp;DateId=20210111\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HOUSTON, Jan. 11, 2021 \/PRNewswire\/ &#8212;\u00a0Stellus Capital Investment Corporation (NYSE: SCM) (&#8220;Stellus&#8221; or &#8220;the Company&#8221;) today announced that it priced a public offering of $100 million aggregate principal amount of 4.875% notes due 2026 (the &#8220;Notes&#8221;) on January 11, 2021. The Notes will mature on March 30, 2026,\u00a0and may be redeemed in whole or in part at any time or from time to time at the Company&#8217;s option at par plus a &#8220;make-whole&#8221; premium, if applicable. The Notes will bear interest at a rate of 4.875% per year payable semi-annually on March 30 and September 30 of each year, beginning September 30, 2021. Raymond James &amp; Associates, Inc. is acting as sole book-running manager for this offering. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Stellus Capital Investment Corporation Prices Offering Of $100 Million Of 4.875% Notes Due 2026&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-412571","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Stellus Capital Investment Corporation Prices Offering Of $100 Million Of 4.875% Notes Due 2026 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stellus Capital Investment Corporation Prices Offering Of $100 Million Of 4.875% Notes Due 2026 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, Jan. 11, 2021 \/PRNewswire\/ &#8212;\u00a0Stellus Capital Investment Corporation (NYSE: SCM) (&#8220;Stellus&#8221; or &#8220;the Company&#8221;) today announced that it priced a public offering of $100 million aggregate principal amount of 4.875% notes due 2026 (the &#8220;Notes&#8221;) on January 11, 2021. The Notes will mature on March 30, 2026,\u00a0and may be redeemed in whole or in part at any time or from time to time at the Company&#8217;s option at par plus a &#8220;make-whole&#8221; premium, if applicable. The Notes will bear interest at a rate of 4.875% per year payable semi-annually on March 30 and September 30 of each year, beginning September 30, 2021. Raymond James &amp; Associates, Inc. is acting as sole book-running manager for this offering. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/","og_locale":"en_US","og_type":"article","og_title":"Stellus Capital Investment Corporation Prices Offering Of $100 Million Of 4.875% Notes Due 2026 - Market Newsdesk","og_description":"PR Newswire HOUSTON, Jan. 11, 2021 \/PRNewswire\/ &#8212;\u00a0Stellus Capital Investment Corporation (NYSE: SCM) (&#8220;Stellus&#8221; or &#8220;the Company&#8221;) today announced that it priced a public offering of $100 million aggregate principal amount of 4.875% notes due 2026 (the &#8220;Notes&#8221;) on January 11, 2021. The Notes will mature on March 30, 2026,\u00a0and may be redeemed in whole or in part at any time or from time to time at the Company&#8217;s option at par plus a &#8220;make-whole&#8221; premium, if applicable. The Notes will bear interest at a rate of 4.875% per year payable semi-annually on March 30 and September 30 of each year, beginning September 30, 2021. Raymond James &amp; Associates, Inc. is acting as sole book-running manager for this offering. The &hellip; Continue reading \"Stellus Capital Investment Corporation Prices Offering Of $100 Million Of 4.875% Notes Due 2026\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-11T22:28:20+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/416430\/Stellus_Capital_Investment_Corporation_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Stellus Capital Investment Corporation Prices Offering Of $100 Million Of 4.875% Notes Due 2026","datePublished":"2021-01-11T22:28:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/"},"wordCount":717,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/416430\/Stellus_Capital_Investment_Corporation_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/stellus-capital-investment-corporation-prices-offering-of-100-million-of-4-875-notes-due-2026\/","name":"Stellus Capital Investment Corporation Prices Offering Of $100 Million Of 4.875% Notes Due 2026 - 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