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Stellus Capital to price offering of five-year notes
By Marisa Wong
Los Angeles, Jan. 11 – Stellus Capital Investment Corp. plans to price an offering notes due March 30, 2026, according to a 424B2 filing with the Securities and Exchange Commission.
Raymond James & Associates, Inc. is the bookrunner.
Stellus will use proceeds to redeem all of its outstanding 5.75% notes due 2022 and repay a portion of the amount outstanding under its credit facility. There is about $48.9 million of the 2022 notes outstanding and $171 million outstanding under the revolver.
The closed-end, non-diversified investment management company is based in Houston.
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