Recent Updates — CSWC
On September 10, 2026, Capital Southwest Corporation entered into an underwriting agreement to issue $350.0 million in aggregate principal amount of 6.750% Notes due 2031. The transaction closed on September 15, 2026, with net proceeds of approximately $342.1 million after deducting a $3.5 million underwriting discount and estimated offering expenses of $0.9 million. The notes bear interest at 6.750% per year, payable semi-annually in arrears on March 15 and September 15, beginning March 15, 2027, and mature on September 15, 2031. Capital Southwest Corporation operates as a business development company that provides debt financing to middle-market companies.
On September 2, 2026, Capital Southwest Corporation entered into the Fourth Amended and Restated Senior Secured Revolving Credit Agreement. The amendment increased borrowing commitments from $510 million to $595 million and expanded the uncommitted accordion feature capacity from $750 million to $1 billion. The revolving period was extended to September 2, 2030, with final maturity moving to September 2, 2031. Financing costs were reduced by lowering the applicable margin from 2.15% to 2.00%, removing the SOFR adjustment, and decreasing unused commitment fees to a range of 0.50%-0.75%. The company also amended certain financial covenants. Capital Southwest Corporation is an internally managed business development company focused on providing flexible financing solutions to middle market businesses.
Capital Southwest Corporation filed a Certificate of Amendment to its Articles of Incorporation on September 1, 2026, increasing the authorized number of common shares from 75 million to 135 million. Shareholders approved this proposal at the reconvened annual meeting held that same day, with 41,613,652 votes in favor against 4,810,196. The increased share count provides management with additional equity capacity to fund new investments and manage leverage while maintaining a conservative balance sheet. Capital Southwest Corporation is an internally managed business development company focused on middle market lending.
Capital Southwest Corporation announced preliminary operating results for its first fiscal quarter of 2027, which ended June 30, 2026. The company estimates pre-tax net investment income will be between $0.57 and $0.58 per share, with net investment income in the range of $0.58 to $0.59 per share. Additionally, preliminary net asset value per share is estimated between $16.55 and $16.65. Finalized results are scheduled for release on August 3, 2026, followed by a conference call on August 4, 2026. Capital Southwest is a business development company that provides financing solutions to middle market businesses.