Welcome to our dedicated page for Capital Southwest news (Ticker: CSWC), a resource for investors and traders seeking the latest updates and insights on Capital Southwest stock.
Capital Southwest Corporation (CSWC) is an internally managed business development company listed on Nasdaq and based in Dallas, Texas. The company focuses on providing flexible financing solutions to support the acquisition and growth of middle market businesses, with $5 million to $50 million investments across the capital structure, including first lien, second lien and non-control equity co-investments. Its news flow reflects this middle market lending focus and its role as a public investment company.
On this page, readers can follow CSWC news related to quarterly and annual financial results, portfolio activity and capital structure developments. Recent releases have covered first and second fiscal quarter results, including details on total investment income, pre-tax net investment income, portfolio composition between credit and equity investments, and non-accrual levels. These updates provide insight into how Capital Southwest’s credit portfolio, largely composed of first lien senior secured debt, and its equity co-investments are performing over time.
Capital Southwest also issues frequent announcements about its dividend policy, including monthly regular dividends and quarterly supplemental dividends, as well as information on its dividend reinvestment plan for registered stockholders. Investors can track Board of Directors decisions on dividend amounts per share and payment schedules, along with commentary on taxable income available for distribution.
Other notable news items include capital markets transactions, such as the pricing and issuance of 5.950% Notes due 2030, updates on the Corporate Credit Facility and SPV Credit Facility, and the use of the Equity ATM Program to raise common equity. Governance and corporate developments, including annual meeting voting results, executive promotions and affirmed investment grade ratings from Fitch Ratings, also appear in the company’s news. This page is a central resource for monitoring ongoing developments that affect CSWC’s operations, portfolio and capital structure.
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.
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.