Welcome to our dedicated page for Capital Southwest news (Ticker: CSWC), a resource for investors and traders seeking the latest updates and insights on Capital Southwest stock.
Capital Southwest Corporation reports news as an internally managed business development company that provides flexible financing to support the acquisition and growth of middle market businesses. Coverage commonly centers on net investment income, net asset value, portfolio originations and exits, credit facility capacity, and the mix of first lien, second lien and non-control equity co-investments in its investment portfolio.
Company updates also include monthly regular dividends, supplemental dividends, federal income tax treatment of distributions, earnings-call schedules and private-credit initiatives such as first-out senior secured debt joint ventures serving the lower middle market.
Capital Southwest Corporation (Nasdaq: CSWC) announces it will release its Q2 2022 results on November 1, 2021, after market close. A conference call to discuss the results is scheduled for November 2, 2021, at 11:00 a.m. ET. Investors can join via phone or audio webcast. The company, based in Dallas, manages approximately $799 million in investments, focusing on middle market businesses with investments ranging from $5 million to $25 million. Forward-looking statements are included, cautioning about various risks such as market fluctuations and the impact of the COVID-19 pandemic.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for DFW Capital Partners' investment in Industrial Security Integrators (IsI) through a revolving credit facility, first lien term loan, and minority equity co-investment. Capital Southwest will serve as the sole administrative agent for the financing. IsI, based in Herndon, VA, specializes in technology-based compliance and cybersecurity services, focusing on managed security, network services, and security control software. The transaction highlights Capital Southwest's commitment to finance middle-market growth, particularly in the cybersecurity sector.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for Eden Capital's acquisition of Wall Street Prep, Inc. (WSP) through a revolving credit facility, first lien term loan, and minority equity co-investment. Capital Southwest led this financing and will serve as the sole administrative agent. WSP, specializing in financial training, boasts a strong growth trajectory with over 10,000 professionals trained annually. Capital Southwest, focused on middle-market businesses, reported approximately $368 million in net assets as of June 30, 2021.
Capital Southwest Corporation (CSWC) announced an increase in its quarterly regular dividend to $0.47 per share for the quarter ending December 31, 2021, reflecting a 6.8% rise from the previous $0.44. Additionally, a final supplemental dividend of $0.50 per share will be paid, accelerating future payments under its supplemental dividend program. This decision stems from strong capital market activities and portfolio performance. The dividends are payable on December 31, 2021, with ex-dividend and record dates set for December 14 and December 15, respectively.
Capital Southwest Corporation (NASDAQ: CSWC) has announced a public offering of $100 million in 3.375% notes due in 2026. The notes are priced at 99.418% of principal, yielding 3.5%. Proceeds will be used to redeem outstanding 5.375% notes due 2024, reducing the company's debt cost by 2%. This transaction is expected to enhance shareholder value by lowering quarterly interest expenses by approximately $0.02 per share. The offering is set to close on August 27, 2021.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for Kainos Capital’s acquisition of Muenster Milling through a revolving credit facility, first lien term loan, and delayed draw term loan. Capital Southwest is the sole administrative agent in this financing deal. Muenster Milling, a fourth-generation family-owned pet food manufacturer, focuses on high-quality, innovative products. The partnership aims to leverage Muenster's positioning in the growing clean-label, high-protein pet food market.
Capital Southwest (Nasdaq: CSWC) announced its financing of Hybrid Apparel's acquisition of Air Waves via a split lien term loan. As the sole administrative agent for the credit facility, Capital Southwest collaborates with Altamont Capital Partners and Main Street Capital Corporation in this strategic partnership. Hybrid Apparel, a leading apparel distribution company, aims to enhance its service offering with Air Waves' print-on-demand capabilities, benefiting both companies. This acquisition is expected to bolster Hybrid's market position within the apparel industry.
Capital Southwest Corporation (CSWC) announced an amendment to its senior secured credit facility, reducing the interest rate from LIBOR plus 2.50% to LIBOR plus 2.15%. The advance rate on unquoted first lien assets increased to 70%, and share repurchases were permitted to rise by $20 million. Additionally, the revolving period and final maturity dates were extended to August 2025 and August 2026, respectively. CFO Michael Sarner expressed confidence in the amendment, citing lender support as an indicator of the Company’s investment strategy success.
Capital Southwest Corporation (CSWC) reported a pre-tax net investment income of $0.45 per share for the quarter ending June 30, 2021, reflecting a solid performance with $9.4 million in pre-tax net income. The company also increased its regular dividend to $0.44 per share, along with a supplemental dividend of $0.10. The total investment portfolio stood at $798.6 million, with a credit portfolio of $671.3 million. The net asset value per share rose to $16.58, and the company closed new commitments of approximately $139 million during the quarter.
Capital Southwest Corporation (Nasdaq: CSWC) is set to release its Q1 2022 earnings on August 2, 2021, post-market close. A conference call will follow on August 3, 2021, at 11:00 a.m. ET, allowing investors to engage via phone or webcast. The company, based in Dallas, focuses on flexible financing solutions for middle-market businesses, with approximately $336 million in net assets as of March 31, 2021. Forward-looking statements highlight the uncertainties faced, particularly from the COVID-19 pandemic, affecting market dynamics and financial performance.