# Star Mountain Lower Middle-Market Capital Corp — capital_raise/private_placement [announced]
Source: SEC API (secapi.ai) · situation sit_f8fdc2d7ec33994640f8 · retrieved 2026-08-16T21:04:19.609Z

## Overview
Star Mountain Lower Middle-Market Capital Corp. is a Delaware corporation that invests in lower middle-market companies and manages a portfolio of debt and equity investments.

Star Mountain Lower Middle-Market Capital Corp. entered into a Note Purchase Agreement on August 6, 2026, to issue $25,000,000 in aggregate principal amount of Floating Rate Senior Unsecured Notes due January 15, 2029. The Notes bear interest at a floating rate equal to the Adjusted SOFR Rate plus 3.75% (375 basis points), payable quarterly on January 15, April 15, July 15, and October 15 each year, beginning October 15, 2026. These New Notes are fungible with and rank equally with the Company's previously issued $25,000,000 Floating Rate Senior Unsecured Notes due January 15, 2029 (issued January 2, 2026), and together form a single series. The Notes are general unsecured obligations of the Company and are subject to customary covenants including a minimum asset coverage ratio of 1.50 to 1.00.

## Terms
- Counterparty: Qualified institutional investor · Deal value: $25.0M · Consideration: cash

## Key dates
- Announced 2026-08-12 · Expiry 2029-01-15 · Expected close 2026-08-06

## Timeline
- 2026-08-12 · 8-K (0001140361-26-032465): 8-K - Star Mountain Lower Middle-Market Capital Corp — *Star Mountain Lower Middle-Market Capital Corp. is a Delaware corporation that invests in lower middle-market companies and manages a portfolio of debt and equity investments.* Star Mountain Lower Middle-Market Capital Corp. entered into a Note Purchase Agreement on August 6, 2026, to issue $25,000,000 in aggregate principal amount of Floating Rate Senior Unsecured Notes due January 15, 2029. The Notes bear interest at a floating rate equal to the Adjusted SOFR Rate plus 3.75% (375 basis points), payable quarterly on January 15, April 15, July 15, and October 15 each year, beginning October 15, 2026. These New Notes are fungible with and rank equally with the Company's previously issued $25,000,000 Floating Rate Senior Unsecured Notes due January 15, 2029 (issued January 2, 2026), and together form a single series. The Notes are general unsecured obligations of the Company and are subject to customary covenants including a minimum asset coverage ratio of 1.50 to 1.00.
  https://www.sec.gov/Archives/edgar/data/1786835/0001140361-26-032465.txt

## Citations
- 0001140361-26-032465 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126032465