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Stock impact report

Capital Southwest Increases Credit Facility to $325 Million

Capital Southwest Corporation (CSWC) 
Last capital southwest corporation earnings: 2/3 04:45 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.capitalsouthwest.com/investor-relations
Company Research Source: GlobeNewswire
DALLAS, March 19, 2020 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest” or the “Company”; Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an increase of its Senior Secured Credit Facility (the “Credit Facility”) from $295 million to $325 million. The $30 million increase in total commitments was the result of the addition of a new lender, bringing the total lender group to 11 participants. The increase was executed under the accordion feature of the Credit Facility, which allows for an increase in total commitments under the facility from new and existing lenders on the same terms and conditions as the existing commitments in an amount up to $350 million.  Michael Sarner, Chief Financial Officer, commented, “We are pleased to expand our primary funding source through the addition of a respected lending partner Show less Read more
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