Capital Southwest Stock Price, News & Analysis

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.

Capital Southwest Corporation (CSWC) reported a Pre-Tax Net Investment Income of $0.54 per share for the quarter ended September 30, 2022. Total investment income rose to $26.8 million, up from $22.5 million in the previous quarter. The total investment portfolio reached $1.1 billion, with a credit portfolio of $903.5 million, primarily in 1st Lien Senior Secured Debt. Dividends increased to $0.52 per share from $0.50, alongside a declared supplemental dividend of $0.05. The company's Net Asset Value per share was $16.53.

Capital Southwest Corporation (CSWC) announced a supplemental dividend of $0.05 per share, adding to its regular dividend of $0.52 per share. This brings the total dividends for the quarter ending December 31, 2022, to $0.57 per share. Both dividends will be payable on December 30, 2022, with an ex-dividend date of December 14, 2022 and a record date of December 15, 2022. The company emphasizes its commitment to providing flexible financing solutions to support middle market business growth.

Capital Southwest Corporation (CSWC) announced preliminary operating results for Q2 2023, reporting an estimated pre-tax net investment income per share between $0.52 and $0.54. The net investment income estimate falls between $0.50 and $0.53 per share, with a preliminary net asset value per share estimated at $16.45 to $16.60. The final financial results will be released on October 31, 2022, followed by a conference call on November 1, 2022. The company emphasizes that these preliminary results are subject to changes upon customary quarter-end closing.