debt
confidence high
sentiment neutral
materiality 0.55
Capital Southwest prices $350M 6.750% notes due 2031 to repay revolver
CAPITAL SOUTHWEST CORP
- Issued $350.0M of 6.750% Notes due Sept 15, 2031; net proceeds ~$342.1M after $3.5M discount and $0.9M expenses.
- Proceeds to repay borrowings under senior secured revolving credit facility.
- Notes pay semi-annual interest Mar 15/Sep 15 starting Mar 15, 2027; redeemable at par plus make-whole before Aug 15, 2031.
- Underwriters led by Deutsche Bank Securities, Morgan Stanley & Co., Wells Fargo Securities, RBC Capital Markets, Huntington Securities, ING Financial Markets.
- Closed Sept 15, 2026; priced at 98.985% of par; unsecured obligations ranking pari passu with existing unsecured debt.