- Capital Southwest ( NASDAQ: CSWC ) announced on Monday an underwritten public offering of shares of its common stock of ~$46M.
- Underwriters may be granted a 30-day option to purchase additional shares of its common stock.
- Net proceeds will be used to repay outstanding indebtedness under the firm's senior secured revolving credit facility, to make investments in accordance with its investment objective and strategies, and for other general corporate purposes, including payment of operating expenses.
- CSWC shares are down 6% premarket
For further details see:
Capital Southwest dips on ~$46M stock offering