[N-23C-2] CAPITAL SOUTHWEST CORP SEC Filing

Rhea-AI Filing Summary

Capital Southwest Corporation has notified the SEC that it will redeem its 7.75% Notes due 2028 (Nasdaq: CSWCZ) in full on October 13, 2025. The redemption covers $71,875,000 aggregate principal amount of issued and outstanding notes and will be effected pursuant to Article Eleven of the base indenture dated October 23, 2017 and Section 1.01(h) of the Fifth Supplemental Indenture dated June 14, 2023, each by and between the company and U.S. Bank Trust Company, National Association, as trustee.

Positive

• Clear disclosure of redemption details: security, CUSIP, Nasdaq ticker, redemption date, and exact aggregate principal amount ($71,875,000)
• Redemption authorized under specific indenture provisions cited (Base Indenture dated October 23, 2017 and Fifth Supplemental Indenture dated June 14, 2023)

Negative

• None.

Insights

Debt Capital Markets Analyst

TL;DR: The issuer plans a full redemption of $71.875 million of 7.75% notes maturing in 2028, executed under the existing indenture provisions.

The filing is a straightforward notice of redemption under Rule 23c-2. It specifies the security (7.75% Notes due 2028, Nasdaq: CSWCZ), the redemption date (October 13, 2025), the exact aggregate principal amount to be redeemed ($71,875,000) and the indenture authorities enabling the redemption (Article Eleven of the Base Indenture and Section 1.01(h) of the Fifth Supplemental Indenture). The trustee named is U.S. Bank Trust Company, National Association. The document contains the necessary mechanics but provides no additional financial context or funding source for the redemption.

Corporate Governance Specialist

TL;DR: This is a procedural compliance filing announcing redemption under specified indenture provisions, with full principal amount disclosed.

The notice complies with Rule 23c-2 requirements by identifying the class of security, redemption date, governing indenture provisions and the exact principal amount being redeemed. It names the trustee and references the base and supplemental indentures by date. The filing does not include shareholder-level disclosures, funding details, or changes to governance, limiting the scope to procedural notice of a debt redemption.

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:

7.75% Notes due 2028 (CUSIP: 12665G 105; Nasdaq: CSWCZ) (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 Fifth Supplemental Indenture, dated as of June 14, 2023, by and between the Company and U.S. Bank, as trustee (the “Fifth 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, $71,875,000 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 securities is Capital Southwest redeeming (CSWCZ)?

The company is redeeming its 7.75% Notes due 2028 (CUSIP 12665G105, Nasdaq: CSWCZ).

When will the CSWCZ notes be redeemed?

The Notes will be redeemed on October 13, 2025.

How much principal is Capital Southwest redeeming?

The company will redeem $71,875,000 in aggregate principal amount of the outstanding Notes.

Under what authority 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 Fifth Supplemental Indenture dated June 14, 2023, with U.S. Bank Trust Company, National Association as trustee.

Does the filing state how the redemption will be funded?

The filing does not provide any information about the source of funds or financing for the redemption.