SCM
Stellus Capital Investment Corporation12.68
+0.12+0.96%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
367.05MP/E (TTM)
11.63Basic EPS (TTM)
1.09Dividend Yield
0.13%Recent Filings
8-K
Full 2026 Notes redemption
Stellus Capital Investment Corporation announced on November 24, 2025, the full redemption of its remaining $50M 4.875% Notes due 2026 on December 31, 2025, at 100% of principal plus accrued interest and a make-whole premium. It already redeemed the other $50M on September 30. Debt fully cleared. This eliminates all 2026 Notes obligations.
10-Q
Q3 FY2025 results
Stellus Capital posted steady Q3 FY2025 results ended September 30, with total investment income dipping 1% y/y to $26.3M yet net investment income holding at $9.1M despite higher expenses from portfolio growth. Realized gains flipped to $2.9M from a $3.3M loss y/y, but unrealized depreciation hit $5.1M on non-accrual loans; nine-month net assets from operations fell to $21.8M from $37.2M. Portfolio hit $1.0B across 115 names, 89% first-lien, with leverage steady at $632M including $299M SBA debentures (net $296M) and $168M credit facility. Cash sits at $9M. Non-accruals weigh 3.7% of debt fair value. High-tech bets expose tech risks.
8-K
8-K
Stellus expands credit facility
Stellus Capital Investment Corporation amended its senior secured revolving credit facility on September 11, 2025, boosting commitments from $315 million to $335 million while lifting the accordion cap to $365 million. Yet margins dipped to 2.25%-2.50% on SOFR loans and 1.25%-1.50% on ABR loans, extending the commitment termination to September 11, 2029, and maturity to 2030. This bolsters liquidity for investments. Borrowing base tweaks tighten industry exposures.
8-K
ATM equity program launched
Stellus Capital Investment Corporation inked an equity distribution agreement on September 9, 2025, with Keefe, Bruyette & Woods and Raymond James to sell up to $100 million in common stock via an at-the-market offering on the NYSE. This flexible setup lets the business development company tap fresh capital without fixed timelines, earmarking proceeds to pay down debt and fuel investments in portfolio firms. Sales agents snag a 1.5% commission. No sales yet.
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