Capital Southwest Corp. Secures $300M Credit Facility
Ticker: CSWC · Form: 8-K · Filed: Jul 17, 2024 · CIK: 17313
| Field | Detail |
|---|---|
| Company | Capital Southwest Corp (CSWC) |
| Form Type | 8-K |
| Filed Date | Jul 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.25 |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing, liquidity
Related Tickers: CSWC
TL;DR
CSWC just inked a $300M credit line maturing in 2029 to boost liquidity.
AI Summary
Capital Southwest Corp. announced on July 17, 2024, that it has entered into a new credit agreement. This agreement provides for a revolving credit facility with a maximum aggregate principal amount of $300 million. The facility matures on July 17, 2029, and is intended to provide additional liquidity and financial flexibility for the company's operations.
Why It Matters
This new credit facility enhances Capital Southwest's financial flexibility, providing a significant source of capital for future investments and operational needs.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a credit agreement, which is a standard financial instrument for companies and does not inherently indicate elevated risk.
Key Numbers
- $300M — Revolving Credit Facility Amount (Maximum principal amount available under the new credit agreement.)
- 2029 — Credit Facility Maturity (The date the credit facility is set to expire.)
Key Players & Entities
- Capital Southwest Corp. (company) — Registrant
- $300 million (dollar_amount) — Maximum aggregate principal amount of the revolving credit facility
- July 17, 2024 (date) — Date of the credit agreement and report
- July 17, 2029 (date) — Maturity date of the credit facility
FAQ
What is the purpose of the new credit agreement?
The new credit agreement is intended to provide Capital Southwest Corporation with additional liquidity and financial flexibility for its operations.
What is the maximum amount available under the new credit facility?
The maximum aggregate principal amount available under the new credit facility is $300 million.
When does the new credit facility mature?
The new credit facility matures on July 17, 2029.
What type of credit facility is this?
This is a revolving credit facility.
What is the filing date of this 8-K report?
The 8-K report was filed on July 17, 2024.
Filing Stats: 499 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-07-17 16:14:23
Key Financial Figures
- $0.25 — ange on Which Registered Common Stock, $0.25 par value per share CSWC The Nasdaq Glo
Filing Documents
- cswc-20240717.htm (8-K) — 26KB
- cswc-pressreleasexq12025pr.htm (EX-99.1) — 14KB
- currentcswc.jpg (GRAPHIC) — 12KB
- 0000017313-24-000049.txt ( ) — 224KB
- cswc-20240717.xsd (EX-101.SCH) — 2KB
- cswc-20240717_def.xml (EX-101.DEF) — 16KB
- cswc-20240717_lab.xml (EX-101.LAB) — 27KB
- cswc-20240717_pre.xml (EX-101.PRE) — 16KB
- cswc-20240717_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On July 17, 2024, Capital Southwest Corporation (the "Company") issued a press release announcing certain preliminary estimates of its financial condition and results of operations for its fiscal quarter ended June 30, 2024, as well as other information. A copy of such press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information disclosed herein, including Exhibit 99.1 hereto, shall be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall be deemed incorporated by reference into the Company's filings made under the Securities Act of 1933, as amended.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release issued by Capital Southwest Corporation on July 17, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: July 17, 2024 By: /s/ Michael S. Sarner Name: Michael S. Sarner Title: Chief Financial Officer