Stellus to redeem $25 million 6½% notes due 2019 at par on Sept. 20

By Susanna Moon

Chicago, Aug. 21 – Stellus Capital Investment Corp. issued a redemption notice for its $25 million of 6½% notes due 2019.

The notes will be redeemed on Sept. 20 at par of $25 plus the accrued interest to but excluding the redemption date, according to an 8-K filing with the Securities and Exchange Commission.

U.S. Bank NA is the trustee.

Stellus said on Aug. 16 that it planned to redeem the notes using proceeds of a $30 million public offering of notes due 2022 with a 30-day over-allotment option for another $4.5 million.

The issuer is an investment company based in Houston.

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