Capital Southwest Increases Credit Facility to $460 million
December 11 2023 - 3:01PM
Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC),
an internally managed business development company focused on
providing flexible financing solutions to support the acquisition
and growth of middle market businesses, today announced an increase
to the total commitments under its senior secured credit facility
(the “Credit Facility”). The Credit Facility was increased under
the existing accordion feature by $25 million, bringing total
commitments from $435 million to $460 million. The $25 million
increase was provided by one new lender, bringing the total bank
syndicate to 10 participants. The existing Credit Facility
accordion feature allows for maximum commitments of up to $750
million.
About Capital Southwest
Capital Southwest Corporation (Nasdaq: CSWC) is
a Dallas, Texas-based, internally managed business development
company with approximately $1.4 billion in investments at fair
value as of September 30, 2023. Capital Southwest is a middle
market lending firm focused on supporting the acquisition and
growth of middle market businesses with $5 million to $35
million investments across the capital structure, including
first lien, second lien and non-control equity co-investments. As a
public company with a permanent capital base, Capital
Southwest has the flexibility to be creative in its financing
solutions and to invest to support the growth of its portfolio
companies over long periods of time.
Investor Relations Contact:
Michael S. Sarner, Chief Financial Officer214-884-3829
Capital Southwest (NASDAQ:CSWC)
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