Stellus Capital Investment entered into an amendment and extension of its $230 million senior secured revolving credit agreement led by Zions Bancorporation, dba Amegy Bank.

The company extended the commitment termination date of the facility to September 18, 2024 with a final maturity of September 18, 2025, and amended certain covenants and conditions of the facility, including a reduction in the required asset coverage. The facility was led by Zions Bancorporation dba Amegy Bank, and includes a total of 10 bank participants. Pricing and advance rates remain unchanged on the facility, except for the addition of a LIBOR floor of 0.25%.

“We are pleased to report the amendment and extension of our $230 million bank credit facility to September of 2025. We appreciate the support of our bank group, led by Amegy Bank, throughout the COVID-19 period and in obtaining this long-term extension,” Robert T. Ladd, CEO of Stellus Capital Investment, said.

Stella Capital Investment Corporation 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.