- During its fiscal third quarter, Capital Southwest ( NASDAQ: CSWC ) raised $104.3M in gross equity proceeds , or $101.6M on a net basis, at a weighted average price of $17.99, or 109% of the prevailing net asset value per share, the business development company said Tuesday.
- Through its underwritten public offering, CSWC raised $46.0M, while it collected $58.3M via its at-the-market offering. In Q2, its equity portfolio stood at $102.6M.
- For the quarter ended December 31, the company also received a commitment from the Small Business Administration to reserve $50M of additional leverage in the form on SBA-guaranteed debentures to its wholly-owned subsidiary, Capital Southwest SBIC I, L.P. That brings the total SBA leverage commitment to SBIC I to $130M.
- Previously, (Nov. 16) Capital Southwest increased its revolving credit facility by $20M .
For further details see:
Capital Southwest raises $102M in net equity proceeds in fiscal Q3