secwatch.observer — SEC 8-K summary
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Issuer:     CAPITAL SOUTHWEST CORP (CSWC)
CIK:        0000017313
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0000017313-24-000127
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Capital Southwest issues $230M 5.125% convertible notes due 2029
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- Issued $230M aggregate principal of 5.125% Convertible Notes due 2029, including full over-allotment exercise.
- Net proceeds of ~$222.7M to redeem 4.50% Notes due 2026, repay credit facility, and for general corporate purposes.
- Initial conversion rate: 40 shares per $1,000 principal ($25.00 conversion price); company may redeem after Nov 20, 2027 if stock >=130% conversion price.
- Notes mature Nov 15, 2029; interest payable quarterly beginning Feb 15, 2025.
- Notes are unsecured, rank pari passu with existing unsubordinated debt, structurally subordinated to subsidiary obligations.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/17313/000001731324000127/0000017313-24-000127-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/17313/000001731324000127/cswc-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000017313-24-000127

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