Capital Southwest Stock Price, News & Analysis

Capital Southwest Corporation (CSWC), a business development company, will release its fourth quarter and fiscal year 2022 results on May 23, 2022. A conference call is scheduled for May 24, 2022, at 11:00 a.m. Eastern Time, where investors can join via phone or live webcast. The company focuses on providing financing solutions to middle-market businesses, with approximately $877 million in investments as of December 31, 2021. The press release includes forward-looking statements and highlights potential risks, including the ongoing impacts of the COVID-19 pandemic.

Capital Southwest Corporation (Nasdaq: CSWC) announced the tax treatment of its 2021 dividends, totaling $2.56 per share, all classified as ordinary income. The dividends were paid out to shareholders in accordance with tax regulations, with approximately 87.40% qualifying as interest-related and short-term capital gains, exempting non-U.S. shareholders from U.S. withholding tax. This information is critical for tax planning for both U.S. and non-U.S. investors, and detailed records of the dividends are available on the company’s website.

Capital Southwest Corporation (CSWC) announced its third fiscal quarter results for 2022, reporting a pre-tax net investment income of $11.8 million, or $0.51 per share. The total investment portfolio reached $876.8 million, with a 91% allocation in 1st lien senior secured debt. The average yield on debt investments was 9.5%. The Company declared dividends of $0.97 per share for the quarter, and its net asset value per share stood at $16.19. Record deal activity included approximately $268.3 million in new commitments, resulting in $7.4 million in realized gains.

Capital Southwest Corporation (Nasdaq: CSWC) will release its third quarter 2022 results on January 31, 2022, after market close. A conference call is scheduled for February 1, 2022, at 11:00 a.m. Eastern Time, allowing investors to participate via phone or webcast. As of September 30, 2021, Capital Southwest has approximately $818 million in investments at fair value and focuses on financing middle market businesses with $5 million to $25 million investments. Investors are encouraged to prepare for the call and review forward-looking statements related to market risks and uncertainties.

Capital Southwest Corporation (Nasdaq: CSWC) announced its investment in The Producto Group by providing a senior secured first lien term loan and a minority equity investment, supporting Culper Capital Partners' acquisition strategy. Producto Group, formed from Ring Precision Components, New Vision Industries, and Dieco, focuses on contract manufacturing and precision tooling for industries like medical, aerospace, and defense. With around $818 million in investments, Capital Southwest aims to drive growth in middle market businesses.

Capital Southwest Corporation (CSWC) announced on December 22, 2021, its backing of Xyresic Capital’s acquisition of Tele-Town Hall LLC with secured financing. The deal includes a senior secured first lien term loan and a second lien term loan, with Capital Southwest acting as the sole administrative agent. TTH specializes in mass communication solutions and has built a strong reputation for its services. Capital Southwest, with approximately $818 million in investments at fair value, focuses on flexible financing for middle-market businesses.

Capital Southwest (CSWC) announced its backing of Hidden Harbor Capital Partner’s refinancing of Air Conditioning Specialist, Inc. with a senior secured term loan and minority equity co-investment. Capital Southwest will lead the financing and serve as the sole administrative agent. ACS is recognized as a premier HVAC services provider in Georgia, operating for over 50 years. Capital Southwest manages approximately $818 million in investments and remains focused on supporting middle market businesses' growth.

Capital Southwest Corporation (NASDAQ: CSWC) announced a priced public offering of $50 million in 3.375% notes due 2026. The notes will be issued at 99.993% of the principal amount and bear interest payable semi-annually. The company plans to use the net proceeds to repay part of its senior secured revolving credit facility, which currently has $195 million outstanding. The offering is set to close on November 9, 2021, with details available in the preliminary prospectus filed with the SEC.

Capital Southwest Corporation (CSWC) reported Pre-Tax Net Investment Income of $0.45 per share for the quarter ended September 30, 2021, with total investment income rising to $20.3 million. The company declared a total dividend of $0.97 per share for the quarter ended December 31, 2021, including a regular dividend of $0.47 and a supplemental dividend of $0.50. CSWC's total investment portfolio reached $818.2 million, with a credit portfolio of $689.4 million. However, the company incurred a realized loss of $17.1 million on debt extinguishment.