[N-23C-2] Capital Southwest Corp SEC Filing

Rhea-AI Filing Summary

Capital Southwest Corporation will redeem its outstanding 3.375% Notes due 2026 in full. The company intends to redeem $150,000,000 aggregate principal amount of the Notes on October 13, 2025, pursuant to Article Eleven of its base indenture dated October 23, 2017 and Section 1.01(h) of the Fourth Supplemental Indenture dated August 27, 2021, with U.S. Bank Trust Company, National Association, as trustee.

Positive

• Clear disclosure of intent to redeem $150,000,000 aggregate principal amount of 3.375% Notes due 2026
• Specified redemption date: October 13, 2025
• Legal basis provided by citing the Base Indenture and the Fourth Supplemental Indenture and naming the trustee

Negative

• None.

Insights

Fixed Income Analyst

TL;DR: Company will fully redeem $150M of its 3.375% notes due 2026 on October 13, 2025.

The filing is a formal notice of redemption under Rule 23C-2 stating that Capital Southwest Corporation will redeem $150,000,000 aggregate principal amount of its 3.375% Notes due 2026 on October 13, 2025. The redemption is to be carried out under the specified provisions of the base indenture and the Fourth Supplemental Indenture with U.S. Bank Trust Company, National Association, serving as trustee. The document contains the core mechanics and legal authorities for the redemption but does not disclose funding sources, impact on leverage, or any accompanying transactions.

Corporate Governance Specialist

TL;DR: Notice documents a contractually permitted debt redemption; no governance changes or new disclosures are included.

This filing provides the formal contractual basis for redeeming the specified notes and identifies the relevant indenture provisions. It serves as a procedural disclosure rather than a strategic narrative; it does not include executive actions, amendments to governance documents, or additional operational detail beyond the redemption mechanics.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO RULE 23C-2 UNDER THE INVESTMENT COMPANY ACT OF 1940

File No. 814-00061

CAPITAL SOUTHWEST CORPORATION

(Exact Name Of Registrant As Specified In Charter)

8333 Douglas Avenue, Suite 1100

Dallas, Texas 75225

(Address of Principal Executive Offices) (Zip Code)

The undersigned hereby notifies the Securities and Exchange Commission that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended.

(1)Title of the class of securities of Capital Southwest Corporation (the “Company”) to be redeemed:

3.375% Notes due 2026 (CUSIP: 140501 AC1) (the “Notes”).

(2)Date on which the securities are to be redeemed:

The Notes will be redeemed on October 13, 2025.

(3)Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:

The Notes are to be redeemed pursuant to (i) Article Eleven of the Company’s base indenture, dated as of October 23, 2017 (the “Base Indenture”), by and between the Company and U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association) (“U.S. Bank”), as trustee(the “Indenture”), and (ii) Section 1.01(h) of the Fourth Supplemental Indenture, dated as of August 27, 2021, by and between the Company and U.S. Bank, as trustee (the “Fourth Supplemental Indenture” and together with the Base Indenture, the “Indenture”).

(4)The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:

The Company will redeem, in full, $150,000,000 in aggregate principal amount of the issued and outstanding Notes pursuant to the terms of the Indenture.

SIGNATURES

Pursuant to the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended, the Company has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 11th day of September, 2025.

						Capital Southwest Corporation
			By:			/s/ Michael S. Sarner
						Name: Michael S. Sarner
						Title:   President and Chief Executive Officer

FAQ

What is Capital Southwest Corporation redeeming in this filing (CSWC)?

The company is redeeming its 3.375% Notes due 2026 (CUSIP 140501 AC1).

How much principal is being redeemed by CSWC?

Capital Southwest Corporation will redeem $150,000,000 in aggregate principal amount of the Notes.

When will the redemption of CSWC's notes occur?

The Notes will be redeemed on October 13, 2025.

Under what documents is the redemption being made?

The redemption is pursuant to Article Eleven of the Base Indenture dated October 23, 2017 and Section 1.01(h) of the Fourth Supplemental Indenture dated August 27, 2021, with U.S. Bank Trust Company, National Association as trustee.