Stellus Capital Investment Corporation

$39,682,500
Follow-On
Co-Manager

Transaction summary

On March 15th, 2019, BB&T Capital Markets served as a co-manager for Stellus Capital Investment Corporation’s $39,682,500 follow-on offering.

The Company intends to use the net proceeds from this transaction to repay indebtedness under its credit facility, for general corporate purposes, which may include investing in debt or equity securities, and working capital requirements.

About the company

Stellus Investment Corporation (NYSE:SCM)

Stellus Capital Invesment Corporation is an externally-managed, closed-end, non-diversified investment management company. The Company'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 $5.0 million to $50.0 million of EBITDA through first lien (including unitranche), second lien and unsecured debt financing, with corresponding equity co-investments. The Company's investment activities are managed by its investment adviser, Stellus Capital Management.

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Financial Services

Our Financial Services bankers are experts in the BDC/RIC sector. The combination of our proprietary retail distribution platform, paired with our thorough understanding of baby bonds, allows us to consistently generate outsized demand for transactions compared to pre-deal estimates.

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BB&T Capital Markets is a division of BB&T Securities, LLC, member FINRA(opens in a new tab) / SIPC(opens in a new tab), and a wholly owned nonbank subsidiary of Truist Financial Corporation. Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value. Read all disclosures

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