December 22, 2014 12:14 PM ET

Company Overview of Stellus Capital Investment Corporation

Company Overview

Stellus Capital Investment Corporation is a business development company specializing in investments in private middle-market companies. It invests through first lien, second lien, unitranche, and mezzanine debt financing, often with a corresponding equity investment. The fund seeks to invest in companies with an EBITDA between $5 million and $50 million.

4400 Post Oak Parkway

Suite 2200

Houston, TX 77027

United States

Key Executives for Stellus Capital Investment Corporation

Age: 58
Chief Financial Officer
Age: 50
Compensation as of Fiscal Year 2014.

Stellus Capital Investment Corporation Key Developments

Stellus Capital Investment Corporation Announces the First Amendment and Extension of Its Revolving Credit Facility

Stellus Capital Investment Corporation entered into a First Amendment to its Senior Secured Revolving Credit between the company, SunTrust Bank, as a lender and the administrative agent, and the lenders named therein. The Amendment, among other things, (i) extends the maturity date of the Credit Facility from November 14, 2016 to October 1, 2018; (ii) extends the revolving period from November 12, 2015 to October 1, 2017; and (iii) reduces the applicable margin rate for LIBOR-based loans from 3.00% per annum to 2.625% per annum and reduces the applicable margin rate for other loans, which are based on a reference rate instead of LIBOR, from 2.00% per annum to 1.625% per annum. The Amendment also reduces the initial aggregate commitments under the Credit Facility to $120,000,000, but includes an accordion feature allowing the Company to increase the aggregate commitments up to $195,000,000, subject to new or existing lenders agreeing to participate in the increase and other customary conditions. There can be no assurances that existing lenders will agree to such an increase, or that additional lenders will join the Credit Facility to increase available borrowings.

Stellus Capital Investment Corporation Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Stellus Capital Investment Corporation reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total investment income was $7,822,497 against $7,917,631 a year ago. Net investment income was $5,250,497 or $0.42 per share against $4,133,995 or $0.34 per share a year ago. For the nine-month period, the company reported total investment income was $23,684,452 against $21,705,298 a year ago. Net investment income was $12,716,403 or $1.04 per share against $11,794,035 or $0.98 per share a year ago. Net cash provided by operating activities was $2,106,217 against net cash used in operating activities of $37,620,457 a year ago.

Stellus Capital Investment Corporation to Report Q3, 2014 Results on Nov 06, 2014

Stellus Capital Investment Corporation announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 06, 2014

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