Capital Southwest prices $350 million of 6.750% notes due 2031

  • Capital Southwest priced $350 million of 6.750% notes maturing September 15, 2031.
  • The notes were offered at 98.985%, producing a 6.994% yield to maturity.
  • Proceeds will repay revolving debt before planned re-borrowings for investments and corporate expenses.

Capital Southwest Corporation priced an underwritten public offering of $350 million in aggregate principal amount of 6.750% notes due Sept. 15, 2031. The notes will pay interest semi-annually, were offered at 98.985% of principal and have a 6.994% yield to maturity. The company expects the offering to close Sept. 15, 2026, subject to customary conditions. Capital Southwest plans to use net proceeds to repay part of its senior secured revolving credit facility, then re-borrow under that facility for investments and general corporate purposes, including operating expenses. The notes may be redeemed before Aug. 15, 2031, at par plus a make-whole premium and thereafter at par.

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