Stellus Capital IPO Info
Company Name: Stellus Capital
Stock Symbol: SCM
Exchange: NYSE
Status: Priced
IPO Date: 11/8/2012
IPO Price:
15.00 (
9.20%)
Underwriters
Raymond James and Stifel, Nicolaus & Company
Amount of Offering: N/A
Number of Shares Offered: 8 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Stellus Capital is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. 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 (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unitranche and mezzanine debt financing, often with a corresponding equity investment.
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