Capital Southwest Corporation filings document the disclosure record of an internally managed business development company focused on middle market lending. Recent Form 8-K reports cover results of operations and financial condition, including preliminary estimates of net investment income and net asset value, quarterly financial releases, investor presentation materials and Regulation FD disclosures.
The filings also record board-declared monthly and supplemental dividends, annual tax treatment of distributions, and other material-event exhibits tied to the company’s BDC structure, portfolio financing activities, capital returns and public-company reporting obligations.
Capital Southwest Corporation (CSWC) announced preliminary estimates for its second quarter of fiscal 2027, the quarter ended September 30, 2026: pre-tax net investment income of $0.58 to $0.59 per share, net investment income of $0.56 to $0.57 per share, and net asset value of $16.62 to $16.67 per share as of September 30, 2026. The estimates reflect management’s preliminary determinations and may differ materially from final results following customary quarter-end closing and review procedures, including the determination of portfolio investment fair value.
Capital Southwest said it will release finalized results on November 2, 2026, after the market closes, and scheduled a live webcast for November 3, 2026, at 11:00 a.m. Eastern Time. The company describes itself as an internally managed business development company, with approximately $2.2 billion of investments at fair value as of June 30, 2026. A webcast replay will be available shortly after the call.
Capital Southwest Corp. (CSWC) director William R. Thomas III purchased 2,170 common shares on October 1, 2026, at a weighted average price of $23.0440 per share. The shares were purchased in multiple transactions priced from $23.04 to $23.06. His reported direct holdings after the purchase were 22,842 shares. The ownership table also lists 6,000 shares held by his son and 571,939 shares held by Thomas Heritage Partners, Ltd.; Thomas has sole voting and dispositive power over the partnership shares. No Rule 10b5-1 plan is reported.
Capital Southwest Corporation (CSWC) entered into an underwriting agreement and completed a registered public offering of $350.0 million aggregate principal amount of 6.750% Notes due 2031. The offering was conducted under an effective shelf registration statement on Form N-2 and closed on September 15, 2026.
The Notes bear interest at 6.750% per year, payable semi-annually on March 15 and September 15, beginning March 15, 2027, and mature on September 15, 2031. They may be redeemed at the company’s option at par plus a make-whole premium before August 15, 2031, and at par thereafter. Net proceeds of approximately $342.1 million, based on a public offering price of 98.985% of par and after underwriting discounts and estimated expenses, are intended to repay a portion of borrowings under the company’s senior secured revolving credit facility.
The Notes are direct unsecured obligations ranking pari passu with the company’s other unsecured, unsubordinated debt, effectively subordinated to secured indebtedness to the extent of collateral value, and structurally subordinated to all obligations of subsidiaries. The indenture includes leverage-related covenants tied to the Investment Company Act, reporting covenants, and a Change of Control Repurchase Event provision giving holders the right to require repurchase at 100% of principal plus accrued interest.
Capital Southwest Corporation (CSWC) is issuing $350 million aggregate principal amount of 6.750% Notes due 2031 under its shelf registration. The Notes are priced at 98.985% of par, with a yield to maturity of 6.994%, and mature on September 15, 2031.
The Notes are unsecured, unsubordinated obligations ranking pari passu with CSWC’s existing 2029 convertible notes and 2030 notes, and are effectively and structurally subordinated to secured debt and subsidiary obligations, including borrowings under the Corporate Credit Facility, SPV Credit Facility and SBA debentures. CSWC expects net proceeds of about $342.1 million, to be used to repay a portion of the Corporate Credit Facility, with future re‑borrowings to fund investments and general corporate purposes. The Notes are callable, include a Change of Control Repurchase Event put at 100% of principal, will not be listed on any exchange, and are subject to BDC-style asset coverage and dividend covenants while outstanding.
Capital Southwest Corporation (CSWC), an internally managed BDC, is offering new unsecured Notes due 2031 under its effective shelf registration. The Notes rank pari passu with existing unsecured debt, including $230.0 million of 5.125% Convertible Notes due 2029 and $350.0 million of 5.950% Notes due 2030, and are effectively and structurally subordinated to secured and subsidiary-level indebtedness.
As of September 9, 2026, secured borrowings included $351.0 million under the Corporate Credit Facility, $151.0 million under the SPV Credit Facility, and $281.0 million of SBA debentures. CSWC expects to use net proceeds to repay a portion of the Corporate Credit Facility and then reborrow to make portfolio investments and for general corporate purposes. The Notes are non-amortizing, non-callable at par until one month before maturity, include a Change of Control Repurchase Event put at 100% of principal plus accrued interest, and will not be listed, so liquidity will depend on over-the-counter trading.
Capital Southwest Corporation (CSWC) amended its senior secured revolving credit facility by entering into a Fourth Amended and Restated Senior Secured Revolving Credit Agreement, expanding and extending its primary corporate borrowing vehicle. Commitments under the Corporate Credit Facility increased from $510 million to $595 million, and the uncommitted accordion feature that could increase maximum commitments was raised from $750 million to $1 billion.
The end of the revolving period was extended from August 2, 2027 to September 2, 2030, with final maturity pushed from August 2, 2028 to September 2, 2031. The amendment also reduced the applicable margin from 2.15% to 2.00%, removed the SOFR adjustment, and lowered unused commitment fees from a range of 0.50%–1.00% to 0.50%–0.75% per annum based on utilization. Management highlighted that, with this facility and its debt profile, the company has no debt maturities until 2029, supporting liquidity for its middle market lending strategy, which totaled approximately $2.2 billion in investments at fair value as of June 30, 2026.
Capital Southwest Corporation (CSWC) reported that shareholders approved a Charter Amendment increasing the company’s authorized common shares from 75,000,000 to 135,000,000. As of the May 26, 2026 record date, there were 62,140,726 common shares outstanding and entitled to vote. At the reconvened 2026 annual meeting on September 1, 2026, Proposal 4 to approve the Charter Amendment received 41,613,652 votes for, 4,810,196 against, and 1,503,080 abstentions.
In an accompanying press release, President and Chief Executive Officer Michael S. Sarner stated that the increased authorized share capacity is viewed as an important tool to maintain access to equity capital, support new investments, manage leverage, and pursue a conservative balance sheet and prudent capital management. Capital Southwest is a Dallas-based, internally managed business development company with approximately $2.2 billion in investments at fair value as of June 30, 2026, focused on middle market lending with typical investments of $5 million to $50 million across the capital structure.
Capital Southwest Corporation (CSWC) announced that its board has declared cash dividends for the quarter ending December 31, 2026. The board approved a quarterly regular dividend of $0.58 per share, to be paid in three equal monthly installments of $0.1934 per share on October 30, November 30, and December 31, 2026, with corresponding ex-dividend and record dates of October 15, November 13, and December 15, 2026.
In addition, the board declared a quarterly supplemental dividend of $0.06 per share, payable on December 31, 2026 to stockholders of record on December 15, 2026, bringing total dividends for the quarter to $0.64 per share. Capital Southwest notes it had approximately $2.2 billion in investments at fair value as of June 30, 2026 and maintains a dividend reinvestment plan allowing registered stockholders who opt in to receive dividends in additional CSWC shares.
Thomas William R III reported acquisition or exercise transactions in this Form 4 filing.
Capital Southwest Corp director Thomas William R III reported a grant of 1,989 shares of common stock on August 10, 2026, issued at no cash cost under the Capital Southwest 2021 Non-Employee Director Restricted Stock Award Plan. Following this grant, he holds 20,672 shares directly, 6,000 shares indirectly through his son, and is deemed the beneficial owner of 571,939 additional shares held by Thomas Heritage Partners, Ltd. through entities he controls.
FURST JACK D reported acquisition or exercise transactions in this Form 4 filing.
CAPITAL SOUTHWEST CORP director Jack D. Furst reported a grant of 1,989 shares of Common Stock on 2026-08-10, issued at no cash cost under the Capital Southwest 2021 Non-Employee Director Restricted Stock Award Plan. Following this award, he directly holds 49,937 shares of Common Stock.
Furst is also reported as indirectly holding 39,000 shares of Common Stock through FMAB Partners, LP, a limited partnership he controls via a 50% membership interest in its sole general partner. He disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.