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) announced its support for Cohere Capital's investment in Sonobi, Inc., providing a first lien term loan and equity co-investment. Capital Southwest led the financing and will serve as the sole administrative agent on the credit facility. This partnership enhances Sonobi's role in the digital advertising ecosystem, enabling advertisers to access over 125 million people without cookies. Capital Southwest, backed by approximately $278 million in net assets as of June 30, 2020, continues to focus on flexible financing solutions for middle market businesses.
Capital Southwest Corporation (Nasdaq: CSWC) has announced it will release its Q2 2021 financial results on October 30, 2020, post-market closure. A conference call is scheduled for November 2, 2020, at 11:00 a.m. ET, allowing investors to participate via phone or webcast. The company, focused on providing financing solutions for middle-market businesses, reported approximately $278 million in net assets as of June 30, 2020. The call will review financial performance and forecasts amidst ongoing economic challenges, including the impacts of the COVID-19 pandemic.
Capital Southwest Corporation (CSWC) announced its support for Align Capital Partners' acquisition of Electronic Transaction Consultants Corporation (ETC) from Atlantia SpA. The deal includes a revolver, first lien term loan, and equity co-investment, with Capital Southwest acting as the administrative agent. ETC, based in Texas, provides electronic tolling technology and smart mobility solutions, leveraging AI and big data. This strategic partnership aims to enhance ETC's technology investments and market position.
Capital Southwest Corporation (NASDAQ: CSWC) has announced a $50 million underwritten public offering of additional 5.375% notes due 2024, priced at 100% of the principal amount. This issuance increases the total outstanding 5.375% notes due 2024 to $125 million. Proceeds will be used to repay debt under its credit facility, currently at $197 million, with plans for further investments in lower and upper middle market portfolio companies, marketable securities, and general corporate purposes. The offering is expected to close on August 17, 2020.
Capital Southwest (CSWC) announced its support for Vertex Business Services' acquisition of WaterSmart through first lien financing and equity co-investment. This acquisition enhances VertexOne's offerings to smaller water utilities, serving approximately 150 customers across 33 states. Capital Southwest acts as the administrative agent on the credit facility, with East West Bank providing additional financing. As of June 30, 2020, Capital Southwest reported around $278 million in net assets, focusing on middle market investments from $5 million to $25 million.
Capital Southwest Corporation (Nasdaq: CSWC) announced it received a 'green light' letter from the U.S. Small Business Administration (SBA) to apply for a Small Business Investment Company (SBIC) license. This license could allow the company to issue up to $175 million in SBA-guaranteed debentures, enhancing its long-term capital options. The CEO emphasized that this step aligns with Capital Southwest's goal to support underserved markets. However, the green light does not guarantee that the SBA will grant the license, and there's no timeline provided for the decision.
Capital Southwest Corporation (CSWC) announces the release of its first quarter 2021 results on August 3, 2020, post-market close. A conference call will follow on August 4, 2020, at 11:00 a.m. Eastern Time for investors to discuss these results. The company focuses on flexible financing for middle market businesses, boasting approximately $272 million in net assets as of March 31, 2020. The earnings release will provide insights into its performance and future outlook.
Capital Southwest Corporation (Nasdaq: CSWC) has transitioned its 2020 Annual Meeting of Shareholders to a virtual format due to COVID-19 concerns. Scheduled for July 29, 2020, at 9:00 a.m. Dallas time, shareholders can participate online using their control number from proxy materials. The company urges shareholders to vote ahead of the meeting. As of March 31, 2020, Capital Southwest reported approximately $272 million in net assets, focusing on investments between $5 million to $25 million in middle-market businesses.
Capital Southwest (CSWC) announced support for Coastal Television Broadcasting Holdings' acquisitions of stations controlled by Wyoming Media Group. The financing consists of term loans and a revolving credit facility, with Capital Southwest acting as the sole administrative agent. Coastal TV aims to enhance its broadcasting portfolio in Wyoming. Capital Southwest, with about $272 million in net assets, focuses on providing flexible financing solutions for middle-market businesses.
Capital Southwest (CSWC) has announced its support for Osceola Capital's recapitalization of Central Medical Group (CMG) through a senior secured first lien term loan, revolver, and capex line, alongside a minority equity investment. CSWC will act as the sole administrative agent for the credit facilities. CMG is recognized for its medical equipment solutions and services, particularly for hospices during the COVID-19 pandemic. With approximately $272 million in net assets, CSWC focuses on middle-market businesses, providing flexible financing solutions.
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