Stellus Capital slips on stock offering

Stellus Capital Investment

12/11/2021 13:00

** Stellus Capital Investment Corp  SCM.N  shares down ~5%
at $13.72 premarket as co seeks equity raise
    ** Business development co offering 2.25 mln shares, per
filing https://www.sec.gov/Archives/edgar/data/1551901/000110465921137278/tm2132371-1_424b2.htm
    ** Co intends to use net proceeds to repay debt and make
investments in portfolio cos
    ** SCM has ~19.5 mln shares outstanding for roughly ~$280
mln market cap, per Refinitiv data
    ** Keefe, Bruyette & Woods, Wells Fargo, Oppenheimer and
Goldman jt bookrunners for offering
    ** Shares up 33% YTD through close on Thurs
    ** 5 analysts cover SCM on avg rating stock 'buy'; median PT
is $15 - Refiniitiv
    

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))