Capital Southwest Stock Price, News & Analysis

Capital Southwest Corporation (Nasdaq: CSWC) announced that Moody’s Investors Service has assigned it a Baa3 long-term issuer rating with a stable outlook. This rating reflects the company's robust capitalization, strong recurring earnings, and a first-lien focused investment portfolio. Moody’s expects the company will maintain sufficient liquidity and adhere to its regulatory leverage targets. CEO Bowen Diehl expressed pride in this validation of their investment strategy and credit management.

As of December 31, 2022, Capital Southwest maintained approximately $1.2 billion in investments at fair value, indicating its strong position in the middle market financing sector.

Capital Southwest Corporation (CSWC), a business development company, announced the federal income tax treatment of its 2022 dividends, totaling $2.18 per share, entirely comprised of ordinary income. This includes net short-term capital gains. The dividends, with a record date of March 15, 2022, and a payment date of March 31, 2022, show that 89.74% are interest-related and short-term capital gains, exempting non-U.S. residents from U.S. withholding tax. The tax characteristics of the dividends can be found on their website for further transparency.

Capital Southwest Corporation (CSWC) reported a Pre-Tax Net Investment Income of $0.60 per share for the quarter ended December 31, 2022. The total investment portfolio reached $1.2 billion, with a credit portfolio of $990.3 million, primarily in 1st Lien Senior Secured Debt. The company generated $32.8 million in total investment income, an increase from $26.8 million in the previous quarter. CSWC's total dividends for the quarter amounted to $0.57 per share. Newly committed investments totaled $160.5 million, while net realized and unrealized depreciation reached $16.4 million.

The company’s stockholders can anticipate a regular dividend of $0.53 per share and a supplemental dividend of $0.05 per share for the next quarter.

Capital Southwest Corporation (Nasdaq: CSWC) will release its third quarter 2023 results on January 30, 2023, after market close. A live webcast is scheduled for January 31, 2023, at 11:00 a.m. ET, where investors can participate. The company focuses on providing financial solutions for middle market businesses, with approximately $1.1 billion in investments at fair value as of September 30, 2022. Interested participants can register online for the call and access the webcast via the company's website.

Capital Southwest Corporation (CSWC) reported raising approximately $172 million in net proceeds during Q4 2022. Gross equity proceeds totaled $104.3 million, with a weighted average price of $17.99, surpassing the prevailing NAV per share. The company secured a $50 million commitment from the Small Business Administration, raising total SBA leverage to $130 million. Additionally, it increased its senior secured revolving credit facility by $20 million, now totaling $400 million in commitments.

Capital Southwest Corporation (NASDAQ: CSWC) has successfully closed a public offering of 2,534,436 shares at $18.15 per share, receiving approximately $44.0 million in net proceeds. This total includes the full exercise of the underwriters' option for an additional 330,579 shares. The funds will be used to repay outstanding debt, invest according to its strategies, and cover general corporate expenses. The offering was underwritten by major firms including Raymond James and Goldman Sachs.

Capital Southwest Corporation (Nasdaq: CSWC) announced a $20 million increase in its senior secured revolving credit facility, raising total commitments from $380 million to $400 million. This increase involved one existing lender and one new lender, expanding the bank syndicate to 11 participants. As of September 30, 2022, Capital Southwest holds approximately $1.1 billion in investments at fair value, focusing on flexible financing solutions for middle market businesses. The company remains committed to supporting growth in its portfolio while navigating various market risks.

Capital Southwest Corporation (NASDAQ: CSWC) has priced an underwritten public offering of 2,203,857 shares at $18.15 each, with a potential additional 330,579 shares for underwriters. Expected net proceeds are approximately $38.2 million, aimed at repaying debt and making new investments. The offering is set to close on November 17, 2022, subject to customary conditions. Joint book-runners include Raymond James and UBS, among others. Investors are advised to review relevant risk factors in the company's prospectus.

Capital Southwest Corporation (NASDAQ: CSWC) announced a public offering of approximately $46.0 million in common stock, with underwriters granted a 30-day option for additional shares. The net proceeds will be used to repay debt, invest according to its strategies, and cover general corporate expenses. The offering is contingent on market conditions, and the effective shelf registration statement has been filed with the SEC. Notable joint book-runners include Raymond James, UBS, Wells Fargo, and Goldman Sachs.