Stellus Private Credit BDC

10/08/2025 | Press release | Distributed by Public on 10/08/2025 14:31

Material Agreement (Form 8-K)

Item 1.01. Entry into a Material Definitive Agreement

On October 2, 2025, Stellus Private Credit BDC (the "Company") entered into Amendment No. 2 to Loan Financing and Servicing Agreement (the "Second Amendment"), by and among Stellus Private Credit BDC SPV LLC ("Stellus SPV"), as borrower (the "Borrower"), the Company, as servicer, Deutsche Bank AG, New York Branch ("Deutsche Bank"), as facility agent, agent and a committed lender, which amends that certain Loan Financing and Servicing Agreement, dated as of August 1, 2024 (as further amended and restated, supplemented or otherwise modified from time to time prior to the Second Amendment, the "Existing Agreement", and the Existing Agreement as amended by the Second Amendment, the "Loan Agreement"), by and among the Borrower, the Company, as equityholder and servicer, Deutsche Bank, as facility agent, Citibank, N.A., as collateral agent and collateral custodian, Alter Domus (US) LLC, as collateral administrator, and the lenders and other agents that are party thereto from time to time. The Second Amendment amended the Existing Agreement to, among other things, (i) increase the commitment from $50 million to $75 million, (ii) reduce the applicable margin rate on Advances under the Loan Agreement to a range of 2.00% to 2.35%, (iii) extend the Revolving Period to October 2, 2028, and (iv) extend the maturity date to October 2, 2031.

Capitalized terms under this Item 1.01, unless otherwise defined herein, have the meaning ascribed to them under the Loan Agreement. The description above is only a summary of the material provisions of the Second Amendment and is qualified in its entirety by reference to the copy of the Second Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K.

Item 2.03 Creation of a Direct Financial Obligation

The information set forth under Item 1.01 above is incorporated by reference into this Item 2.03.

Stellus Private Credit BDC published this content on October 08, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 08, 2025 at 20:31 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]