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Stellus Capital Management, LLC Provides First Lien Financing to Furniture Factory Outlet, an affiliate of Sun Capital Partners

Jun 24, 2016

Houston – TX, June 24, 2016 – Stellus Capital LLC (Stellus) announced today that its affiliates acted as agent and lead lender in providing a Senior Loan Facility to Furniture Factory Outlet, LLC (“the Company” or “FFO Home”), an affiliate of Sun Capital Partners.

Headquartered in Fort Smith, Arkansas, FFO Home operates 36 retail stores in Arkansas, Missouri, Oklahoma and Kansas. FFO Home also manufactures bedding under the Comfort Coil and Natural Elements brands. The retailer offers superior value products priced below the competition, and distinguishes itself by eschewing the showroom distribution model and allowing consumers to purchase products immediately from on-site inventory.

Robert Ladd, Managing Partner at Stellus, noted, “We are pleased to support FFO Home in this transaction.” This deal continues our long track record of working closely with leading private equity firms, strong management teams, and middle-market businesses.”

Adam Pollock, Managing Director at Stellus added, “We appreciated the opportunity to partner with FFO Home, and support the continued success of this unique retailing platform.”

About Stellus Capital Management …

Stellus Capital Management is a leading private investment firm focused on two investment strategies: middle market private credit and energy-focused private equity. The private credit strategy seeks to maximize total return in the form of income and capital appreciation by investing primarily in middle-market through first lien, second lien, unitranche, and mezzanine debt financing, and corresponding equity investments. The energy-focused private equity strategy seeks to achieve capital gains and superior investment returns by making investments in equity and equity-linked debt capital in small and middlemarket energy businesses. To learn more about Stellus Capital Management, please visit www.stelluscapital.com.

For Inquiries Related to this Press Release, please contact:
Stellus Capital Management, LLC
Toni Peluso
Vice President
tpeluso@stelluscapital.com