Stellus Capital Investment Prices $39.7 Mln Share Offering At $14.43/Share

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Stellus Capital Investment ( SCM ) priced Friday its underwritten public offering of 2.75 million common shares at $14.43 apiece for total proceeds of about $39.7 million.

The company granted the underwriters a 30-day option to purchase up to 412,500 additional shares at the same offering price. Stellus Capital expects to close the offering March 19 and plans to use the proceeds to repay a portion of the amount outstanding under its credit facility and for general working capital.

Shares were last down more than 4%, off a trading halt at 1006 AM ET.

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This article appears in: Investing , ETFs
Referenced Symbols: SCM

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