Stellus' 6.5% $25-par notes due 2019 admitted for trading on NYSE

By Stephanie N. Rotondo

Phoenix, May 16 - Stellus Capital Investment Corp.'s $25 million issue of 6.5% $25-par notes due 2019 began trading on the New York Stock Exchange on Friday.

The deal came April 29. The ticker symbol is "SCQ."

Keefe, Bruyette & Woods, Inc., Janney Montgomery Scott LLC and Oppenhemier & Co. Inc. were the bookrunners.

Interest will be payable on the 15th day of February, May, August and November, beginning Aug. 15.

The notes can be called on or after April 30, 2016 at par plus accrued interest.

Proceeds will be used to repay a portion of debt outstanding under the company's revolving credit facility.

Stellus is an externally managed, closed-end, non-diversified management investment company with offices in Houston, New York and Washington, D.C.

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