Stellus Private Credit BDC Reports Growth in Second Quarter

The company’s portfolio activity saw significant movement, with $37 million in new investments balanced against $26 million in repayments. This growth reflects the firm’s strategy of focusing on lower middle-market companies, typically those with EBITDA between $5 million and $50 million, through first lien loans.

Financial statements show gross operating expenses reached $6.7 million, though the investment advisor, Stellus Private BDC Advisor, LLC, provided support through fee waivers. Following the quarter's close, the board declared a monthly dividend of $0.31 per share for the third quarter. The company remains active in capital markets, having recently issued common shares and managed borrowings under its credit facilities with Zions Bancorporation and the SPV Facility.