Stellus Capital Investment Corporation has received its “green light” letter from the U.S. Small Business Administration which allows the firm to continue its application process to obtain a license to form and operate a Small Business Investment Company subsidiary. If approved, the license would permit the company to issue SBA-guaranteed debentures.
Stellus Capital Investment Corporation (NYSE: SCM) investment activities are managed by its investment adviser, Stellus Capital. Stellus Capital invests in private middle-market companies with $5 million to $50 million of EBITDA through first lien, second lien, unitranche and mezzanine debt financing, and corresponding equity investments. The firm invests across a range of industries with specific interest in the energy, specialty finance, software, general industrial, defense, and business services sectors. Stellus Capital has offices in New York, Washington DC, and Houston (www.stelluscapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-22-13