Capital Southwest Increases Corporate Credit Facility to $485 million
12 Septembre 2024 - 10:01PM
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 “Corporate Credit Facility”). The Corporate Credit Facility
was increased under the existing accordion feature by $25 million,
bringing total commitments from $460 million to $485 million. The
$25 million increase was provided by one new lender, bringing the
total bank syndicate to 11 participants. The existing Corporate
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 $1.5 billion in investments at fair
value as of June 30, 2024. 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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