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 (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.
Capital Southwest Corporation (CSWC) reported its financial results for the fiscal year ended March 31, 2020. The total investment portfolio grew by 6% to $553.1 million, with a credit portfolio of $474.3 million, primarily 1st lien secured debt. Despite a challenging economic environment due to COVID-19, the company declared a total dividend of $0.51 per share for the upcoming quarter. CSWC achieved a pre-tax net investment income of $30.3 million for the year, up 14% from the previous year. However, net realized and unrealized losses totaled $31.9 million for the quarter, contributing to a decline in NAV per share to $15.13.
Capital Southwest Corporation (CSWC) announced it will release its fourth quarter and fiscal year 2020 results on June 1, 2020, after market close. Following the release, a conference call is scheduled for June 2, 2020, at 11:00 a.m. ET, where investors can participate via phone or an audio webcast. As of December 31, 2019, Capital Southwest had approximately $312 million in net assets, focusing on investments between $5 million and $25 million in middle market companies.