Capital Southwest Prices $350M 6.75% Notes Due 2031 at 98.985
CSWC sits 24% above its 52-week low of $19.37.
Summary
Capital Southwest priced a $350 million public offering of 6.750% senior notes due 2031 at 98.985% of par, yielding 6.994% to maturity. Proceeds will repay a portion of the corporate credit facility, with re-borrowings earmarked for new investments and general corporate purposes. The deal follows the company's recent credit facility expansion to $595 million and shareholder approval to increase authorized shares. The notes are expected to close September 15, 2026, with a six-bank active bookrunner syndicate led by Deutsche Bank and Morgan Stanley.
At the time of this announcement, CSWC was trading at $24.11 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $19.37 to $25.75. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.