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 (CSWC) is an internally managed business development company listed on Nasdaq and based in Dallas, Texas. The company focuses on providing flexible financing solutions to support the acquisition and growth of middle market businesses, with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. Its news flow reflects this middle market lending focus and its role as a public investment company.
On this page, readers can follow CSWC news related to quarterly and annual financial results, portfolio activity and capital structure developments. Recent releases have covered first and second fiscal quarter results, including details on total investment income, pre-tax net investment income, portfolio composition between credit and equity investments, and non-accrual levels. These updates provide insight into how Capital Southwest’s credit portfolio, largely composed of first lien senior secured debt, and its equity co-investments are performing over time.
Capital Southwest also issues frequent announcements about its dividend policy, including monthly regular dividends and quarterly supplemental dividends, as well as information on its dividend reinvestment plan for registered stockholders. Investors can track Board of Directors decisions on dividend amounts per share and payment schedules, along with commentary on taxable income available for distribution.
Other notable news items include capital markets transactions, such as the pricing and issuance of 5.950% Notes due 2030, updates on the Corporate Credit Facility and SPV Credit Facility, and the use of the Equity ATM Program to raise common equity. Governance and corporate developments, including annual meeting voting results, executive promotions and affirmed investment grade ratings from Fitch Ratings, also appear in the company’s news. This page is a central resource for monitoring ongoing developments that affect CSWC’s operations, portfolio and capital structure.
Capital Southwest Corporation (Nasdaq: CSWC) has appointed Ramona L. Rogers-Windsor as an independent member of its board of directors, effective March 26, 2021. With over 38 years of experience in financial services, including a significant tenure at Northwestern Mutual, she brings extensive expertise in investment management and financial risk underwriting. President Bowen Diehl expressed enthusiasm for her addition, citing her leadership experience and unique perspective. Capital Southwest focuses on providing flexible financing solutions for middle market businesses with net assets of approximately $313 million.
Capital Southwest Corporation (NASDAQ: CSWC) has announced a public offering of $65 million in 4.50% notes due 2026, priced at 102.11% of the principal amount, yielding approximately 4.0%. The offering will close on February 25, 2021, and the proceeds will be used to repay outstanding credit facility debt, while enabling re-borrowing for investments in lower and upper middle market companies. Post-offering, the total outstanding 4.50% notes due 2026 will be $140 million. The notes will bear interest payable semi-annually and may be redeemed at Capital Southwest's discretion.
Capital Southwest (CSWC) announced the tax treatment of its 2020 dividends, amounting to a total of $2.04 per share. These dividends consist of 100% ordinary income, with 91.82% taxed as ordinary income and 8.18% as qualified dividends. Non-corporate shareholders may benefit from favorable tax treatment, with a maximum federal income tax rate of 20% plus a potential 3.8% Medicare surtax. For more detailed information, the company has provided comprehensive tax characteristics on its website.
Capital Southwest Corporation (CSWC) reported a strong financial performance for the third fiscal quarter ending December 31, 2020, with a pre-tax net investment income of $10.0 million, or $0.52 per share. The investment portfolio totaled $648.8 million, with a credit portfolio of $531.1 million and a weighted average yield of 10.6%. The company declared total dividends of $0.52 per share for the quarter ended March 31, 2021. Additionally, CSWC executed significant capital commitments totaling $91 million and improved its net asset value to $15.74 per share.
Capital Southwest Corporation (Nasdaq: CSWC) will release its third quarter 2021 results on February 1, 2021, after market close. A conference call is scheduled for February 2, 2021, at 11:00 a.m. Eastern Time, allowing investors to participate via phone or webcast. Capital Southwest focuses on providing flexible financing solutions, with approximately $286 million in net assets as of September 30, 2020. The company emphasizes supporting middle market businesses with $5 to $25 million investments across various financing structures.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for O2 Investment Partners' investment in Flip Electronics, providing a first lien term loan and equity co-investment. Capital Southwest acts as the term loan agent, with PNC Bank and Main Street Capital Corporation also involved in the financing. Flip Electronics specializes in distributing electronic components, focusing on end-of-life and hard-to-find parts. This partnership aims to strengthen Flip's growth in critical supply chains across multiple industries, including military and aerospace.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for Amware Fulfillment's acquisition of Moulton Logistics through an incremental senior secured first lien term loan. Amware, a portfolio company since 2016, aims to enhance its footprint and customer base. Moulton, established in 1968, provides e-commerce fulfillment and retail distribution services from facilities in California and New Jersey. Capital Southwest, with approximately $286 million in net assets, focuses on middle market businesses, offering flexible financing solutions for growth and acquisitions.
Capital Southwest Corporation (NASDAQ: CSWC) has announced a $75 million underwritten public offering of 4.50% notes due 2026. These notes will bear interest at a rate of 4.50% per year, payable semi-annually, maturing on January 31, 2026, with redemption options available. The proceeds will be used to redeem existing higher-interest notes and repay credit facility debt, with additional funds allocated to investments in middle-market companies. The offering is set to close on December 29, 2020.
Capital Southwest Corporation (CSWC) announced its support for the acquisition of Broad Sky Networks, Inc. by IntelliSite Corporation, facilitated through first lien financing and equity co-investment. The transaction creates EPIC IO Technology, comprising Broad Sky and IntelliSite as independent subsidiaries, focusing on IoT, wireless connectivity, and AI services. The partnership aims to enhance a technology services platform and expand market reach. Capital Southwest, with approximately $286 million in net assets, continues to provide flexible financing solutions for middle-market businesses.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for Mountaingate Capital's investment in Acceleration Partners LLC through a senior secured first lien term loan and equity investment. This partnership aims to enhance Acceleration Partners' capabilities in the partner marketing industry. With approximately $286 million in net assets as of September 30, 2020, Capital Southwest focuses on middle market businesses, offering financing solutions ranging from $5 to $25 million. The financing deal highlights a collaborative approach in fostering growth in digital marketing services.
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