Capital Southwest Prices $350M 6.750% Notes Due 2031 at 98.985
CSWC sits 24% above its 52-week low of $19.37.
Summary
A $350 million offering of 6.750% notes due 2031 was priced at 98.985% of par, with proceeds earmarked to repay a portion of its senior secured revolving credit facility.
Key Events · Financing and Capital Events · CSWC
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$350M Notes Offering Priced
The company priced $350 million aggregate principal amount of 6.750% Notes due September 15, 2031 at 98.985% of par, yielding 6.994% to maturity.
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Proceeds Repay Revolving Credit Facility
Net proceeds will repay a portion of outstanding indebtedness under the company's senior secured revolving credit facility, converting secured floating-rate debt to unsecured fixed-rate debt.
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Investment-Grade Ratings
The notes carry expected ratings of Baa3 (Stable) from Moody's and BBB- (Stable) from Fitch, reflecting investment-grade credit quality.
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Underwriting Terms
Underwriting discount of 1.000% with Deutsche Bank, Huntington, ING, Morgan Stanley, RBC, and Wells Fargo as active bookrunners; Oppenheimer as passive bookrunner; Zions Direct as co-manager.
Analysis · CSWC · Unknown
A $350 million unsecured notes offering was priced at 98.985% of par, yielding 6.994% to maturity — a 225 basis point spread over the benchmark Treasury. Proceeds will repay a portion of the company's senior secured revolving credit facility, shifting debt from secured floating-rate to unsecured fixed-rate. The notes carry investment-grade ratings of Baa3/BBB- and mature September 15, 2031. This is a meaningful refinancing that extends the company's debt maturity profile and locks in fixed-rate funding, though it adds $350 million of unsecured debt to the capital structure.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1963 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.14%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CSWC was trading at $24.10 on NASDAQ in the Unknown sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $19.37 to $25.75. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.