Capital Southwest Corp. Files 8-K for Material Agreement

TL;DR

CSWC filed an 8-K for a new material definitive agreement and financial obligation.

AI Summary

On September 12, 2024, Capital Southwest Corp. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Texas with IRS number 751072796, filed this 8-K report to disclose this event. The filing also includes financial statements and exhibits.

Why It Matters

This filing indicates a significant financial commitment or obligation for Capital Southwest Corp., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements and new financial obligations can introduce financial risks and operational changes for the company.

Key Players & Entities

• Capital Southwest Corp. (company) — Registrant
• September 12, 2024 (date) — Date of report
• Texas (location) — State of Incorporation
• 751072796 (organization_id) — IRS Number
• 814-00061 (company_id) — Commission File Number
• 214-238-5700 (phone_number) — Business Phone

FAQ

Key Financial Figures

• $0.25 — ange on Which Registered Common Stock, $0.25 par value per share CSWC The Nasdaq Glo
• $25 million — mmitments under the Credit Agreement by $25 million from $460 million to $485 million. The
• $460 million — he Credit Agreement by $25 million from $460 million to $485 million. The increase was execu
• $485 million — ent by $25 million from $460 million to $485 million. The increase was executed under the ac
• $750 million — existing commitments in an amount up to $750 million. The description of the Incremental A

Filing Documents

• cswc-20240912.htm (8-K) — 28KB
• ing-cswcxincrementalcommit.htm (EX-10.1) — 59KB
• 0000017313-24-000078.txt ( ) — 260KB
• cswc-20240912.xsd (EX-101.SCH) — 2KB
• cswc-20240912_def.xml (EX-101.DEF) — 16KB
• cswc-20240912_lab.xml (EX-101.LAB) — 27KB
• cswc-20240912_pre.xml (EX-101.PRE) — 16KB
• cswc-20240912_htm.xml (XML) — 4KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On September 12, 2024, Capital Southwest Corporation (the "Company") entered into an Incremental Commitment and Assumption Agreement (the "Incremental Agreement") among the Company, as borrower (the "Borrower"), Capital Southwest Equity Investments, Inc., as a subsidiary guarantor, the assuming lender party thereto, and ING Capital LLC, as administrative agent and issuing bank (the "Administrative Agent"), relating to the Third Amended and Restated Senior Secured Revolving Credit Agreement, dated August 2, 2023, as amended by Amendment No. 1, dated March 1, 2024 (the "Credit Agreement"), among the Borrower, the several lenders party to the Credit Agreement, the Administrative Agent, and Texas Capital Bank, N.A., as documentation agent. The Incremental Agreement increases the total commitments under the Credit Agreement by $25 million from $460 million to $485 million. The increase was executed under the accordion feature of the Credit Agreement, which allows for an increase in total commitments under the Credit Facility from new and existing lenders on the same terms and conditions as the existing commitments in an amount up to $750 million. The description of the Incremental Agreement contained herein is not intended to be complete and is qualified in its entirety by reference to the full text of the Incremental Agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K, and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated in this item 2.03 by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Incremental Commitment and Assumption Agreement dated September 12, 2024 among Capital Southwest Corporation, as borrower, Capital Southwest Equity Investments, Inc, as a Subsidiary Guarantor, the Assuming Lender Party Hereto, as Assuming Lender and Extending Lender, and ING Capital LLC, as Administrative Agent. 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: September 12, 2024 By: /s/ Michael S. Sarner Name: Michael S. Sarner Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR