Capital Southwest Stock Price, News & Analysis

Capital Southwest (Nasdaq: CSWC) announced its financing of Hybrid Apparel's acquisition of Air Waves via a split lien term loan. As the sole administrative agent for the credit facility, Capital Southwest collaborates with Altamont Capital Partners and Main Street Capital Corporation in this strategic partnership. Hybrid Apparel, a leading apparel distribution company, aims to enhance its service offering with Air Waves' print-on-demand capabilities, benefiting both companies. This acquisition is expected to bolster Hybrid's market position within the apparel industry.

Capital Southwest Corporation (CSWC) announced an amendment to its senior secured credit facility, reducing the interest rate from LIBOR plus 2.50% to LIBOR plus 2.15%. The advance rate on unquoted first lien assets increased to 70%, and share repurchases were permitted to rise by $20 million. Additionally, the revolving period and final maturity dates were extended to August 2025 and August 2026, respectively. CFO Michael Sarner expressed confidence in the amendment, citing lender support as an indicator of the Company’s investment strategy success.

Capital Southwest Corporation (CSWC) reported a pre-tax net investment income of $0.45 per share for the quarter ending June 30, 2021, reflecting a solid performance with $9.4 million in pre-tax net income. The company also increased its regular dividend to $0.44 per share, along with a supplemental dividend of $0.10. The total investment portfolio stood at $798.6 million, with a credit portfolio of $671.3 million. The net asset value per share rose to $16.58, and the company closed new commitments of approximately $139 million during the quarter.

Capital Southwest Corporation (Nasdaq: CSWC) is set to release its Q1 2022 earnings on August 2, 2021, post-market close. A conference call will follow on August 3, 2021, at 11:00 a.m. ET, allowing investors to engage via phone or webcast. The company, based in Dallas, focuses on flexible financing solutions for middle-market businesses, with approximately $336 million in net assets as of March 31, 2021. Forward-looking statements highlight the uncertainties faced, particularly from the COVID-19 pandemic, affecting market dynamics and financial performance.

Capital Southwest Corporation (CSWC) announced its support for New Harbor Capital's investment in Food Technology and Design, LLC (FoodPharma). This investment includes a revolving credit facility, first lien term loan, delayed draw term loan, and minority equity co-investment. FoodPharma specializes in functional foods, particularly in the soft chew category for bariatric nutrition, and has over 500 proprietary formulas. Capital Southwest, with approximately $336 million in net assets, focuses on providing financing solutions for middle-market businesses.

Capital Southwest Corporation (CSWC) announced its support for Enhanced Healthcare Partners in refinancing NeuroPsychiatric Hospitals (NPH). As the sole administrative agent in this credit facility, CSWC is contributing to NPH's expansion, which focuses on providing care for patients with complex psychiatric and medical needs. CSWC's net assets were approximately $336 million as of March 31, 2021, and it specializes in middle market lending, offering flexible financing solutions ranging from first lien to non-control equity co-investments.

Capital Southwest Corporation (CSWC) reported a pre-tax net investment income of $0.44 per share for the quarter ending March 31, 2021, with total investment income of $17.2 million. The company increased its regular dividend to $0.43 per share, totaling $0.52 per share for the quarter. Their total investment portfolio reached $688.4 million, a 24.5% year-over-year growth. The NAV per share increased to $16.01. Cash and cash equivalents stood at $31.6 million. CSWC also received its Small Business Investment Company license in April 2021.

Capital Southwest Corporation (CSWC) announced its backing of BRS & Co.'s majority recapitalization of Shearwater Research. This financing includes a revolving credit facility, first lien term loan, delayed draw term loan, and a minority equity co-investment, with Capital Southwest as the lead and sole administrative agent. Shearwater, known for its dive computers, aims to accelerate growth as dive travel resumes amid lifting travel restrictions. With net assets of approximately $313 million, Capital Southwest focuses on supporting middle-market businesses through flexible financing solutions.

Capital Southwest Corporation (CSWC) will announce its fourth quarter and fiscal year 2021 financial results on May 25, 2021, after market close. A conference call is scheduled for May 26, 2021, at 11:00 a.m. Eastern Time for investors to discuss the results. As of December 31, 2020, Capital Southwest reported approximately $313 million in net assets, focusing on providing flexible financing solutions to middle market businesses. The company emphasizes its capacity for creative financing to support the growth of portfolio companies over extended periods.