secwatch / observer
8-K filed August 2, 2023, 7:59 PM ET ticker CSWC CIK 0000017313
debt confidence high sentiment neutral materiality 0.50

CAPITAL SOUTHWEST CORP (CSWC): debt financing — Capital Southwest amends credit facility: commitments to $435M, maturity extended to 2028

CAPITAL SOUTHWEST CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

CAPITAL SOUTHWEST CORP amended revolving credit of $435 million with ING Capital LLC maturing August 1, 2028.

Instrument
revolving credit
Principal
$435 million
Counterparty
ING Capital LLC
Maturity
August 1, 2028
Event
amendment
Exact text from the filing
The Credit Agreement: (1) increased commitments under the Credit Facility from $400 million to $435 million; (2) added an uncommitted accordion feature that could increase the maximum commitments up to $750 million; (3) extended the end of the Credit Facility's revolving period from from August 9, 2025 to August 1, 2027 and extended the final maturity August 9, 2026 to August 1, 2028;
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CAPITAL SOUTHWEST CORP entered into Third Amended and Restated Senior Secured Revolving Credit Agreement with the several banks and other financial institutions or entities from time to time party to the Credit Agreement as lenders, ING Capital LLC, as administrative agent, arranger and bookrunner, and Texas Capital Bank, N.A., as documentation agent valued at $435 million (effective 2023-08-02).

Action
entry
Agreement
credit facility
Counterparty
the several banks and other financial institutions or entities from time to time party to the Credit Agreement as lenders, ING Capital LLC, as administrative agent, arranger and bookrunner, and Texas Capital Bank, N.A., as documentation agent
Value
$435 million
Effective
2023-08-02
Exact text from the filing
On August 2, 2023, Capital Southwest Corporation (the “Company”) entered into the Third Amended and Restated Senior Secured Revolving Credit Agreement (the “Credit Agreement” and the revolving credit facility thereunder, “Credit Facility”) by and among the Company, as borrower, the several banks and other financial institutions or entities from time to time party to the Credit Agreement as lenders, ING Capital LLC, as administrative agent, arranger and bookrunner, and Texas Capital Bank, N.A., as documentation agent.
View on SEC.gov

8 debt financings filed in the last 30 days. Browse all debt financings →

CAPITAL SOUTHWEST CORP filing history →

Source: SEC EDGAR
accession 0000017313-23-000076
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