Capital Southwest Stock Price, News & Analysis

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.

Capital Southwest Corporation (Nasdaq: CSWC) announces it will release its Q2 2022 results on November 1, 2021, after market close. A conference call to discuss the results is scheduled for November 2, 2021, at 11:00 a.m. ET. Investors can join via phone or audio webcast. The company, based in Dallas, manages approximately $799 million in investments, focusing on middle market businesses with investments ranging from $5 million to $25 million. Forward-looking statements are included, cautioning about various risks such as market fluctuations and the impact of the COVID-19 pandemic.

Capital Southwest Corporation (Nasdaq: CSWC) announced its support for DFW Capital Partners' investment in Industrial Security Integrators (IsI) through a revolving credit facility, first lien term loan, and minority equity co-investment. Capital Southwest will serve as the sole administrative agent for the financing. IsI, based in Herndon, VA, specializes in technology-based compliance and cybersecurity services, focusing on managed security, network services, and security control software. The transaction highlights Capital Southwest's commitment to finance middle-market growth, particularly in the cybersecurity sector.

Capital Southwest Corporation (Nasdaq: CSWC) announced its support for Eden Capital's acquisition of Wall Street Prep, Inc. (WSP) through a revolving credit facility, first lien term loan, and minority equity co-investment. Capital Southwest led this financing and will serve as the sole administrative agent. WSP, specializing in financial training, boasts a strong growth trajectory with over 10,000 professionals trained annually. Capital Southwest, focused on middle-market businesses, reported approximately $368 million in net assets as of June 30, 2021.

Capital Southwest Corporation (CSWC) announced an increase in its quarterly regular dividend to $0.47 per share for the quarter ending December 31, 2021, reflecting a 6.8% rise from the previous $0.44. Additionally, a final supplemental dividend of $0.50 per share will be paid, accelerating future payments under its supplemental dividend program. This decision stems from strong capital market activities and portfolio performance. The dividends are payable on December 31, 2021, with ex-dividend and record dates set for December 14 and December 15, respectively.

Capital Southwest Corporation (NASDAQ: CSWC) has announced a public offering of $100 million in 3.375% notes due in 2026. The notes are priced at 99.418% of principal, yielding 3.5%. Proceeds will be used to redeem outstanding 5.375% notes due 2024, reducing the company's debt cost by 2%. This transaction is expected to enhance shareholder value by lowering quarterly interest expenses by approximately $0.02 per share. The offering is set to close on August 27, 2021.