2023-06-08 05:32:38 ET
- Capital Southwest Corporation ( NASDAQ: CSWC ) has priced public offering of $62.5M of 7.75% notes due August 1, 2028.
- Interest on the notes will be payable quarterly on February 1, May 1, August 1, and November 1, beginning August 1, 2023.
- The notes may be redeemed in whole or in part at Capital Southwest’s option on or after August 1, 2025.
- Underwriters' over-allotment is an additional $9.375M amount of notes.
- The notes are expected to be listed on the Nasdaq Global Select Market under the trading symbol “CSWCZ” within 30 days of issuance.
- Offering is expected to close on June 15, 2023.
- Net proceeds will be utilised to repay a portion of the outstanding indebtedness under senior secured revolving credit facility.
- A quick look at the capital structure of CSWC:
For further details see:
Capital Southwest raises $62.5M debt capital