Capital Southwest Secures New $150M Credit Facility
Ticker: CSWC · Form: 8-K · Filed: Jan 15, 2025 · CIK: 17313
| Field | Detail |
|---|---|
| Company | Capital Southwest Corp (CSWC) |
| Form Type | 8-K |
| Filed Date | Jan 15, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.25 |
| Sentiment | neutral |
Sentiment: neutral
Topics: credit-facility, financing, debt
Related Tickers: CSWC
TL;DR
CSWC just inked a new $150M credit line, maturing in 2030, to fuel more investments.
AI Summary
Capital Southwest Corp. announced on January 15, 2025, that it has entered into a new $150 million revolving credit facility. This facility matures on January 15, 2030, and replaces its previous credit agreement. The company intends to use borrowings under the new facility for general corporate purposes, including funding investments.
Why It Matters
This new credit facility provides Capital Southwest with enhanced financial flexibility and liquidity to support its ongoing investment activities and strategic growth initiatives.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of a new credit facility, which is a standard financial instrument for companies and does not indicate any immediate or unusual risks.
Key Numbers
- $150 million — New Revolving Credit Facility (Provides increased borrowing capacity for general corporate purposes and investments.)
- January 15, 2030 — Maturity Date (Indicates the term of the new credit facility.)
Key Players & Entities
- Capital Southwest Corp. (company) — Registrant
- January 15, 2025 (date) — Date of earliest event reported
- January 15, 2030 (date) — Maturity date of new credit facility
- Texas (location) — State of incorporation
- Dallas (location) — Principal executive offices city
FAQ
What is the purpose of the new credit facility?
The company intends to use borrowings under the new facility for general corporate purposes, including funding investments.
What is the amount of the new credit facility?
The new credit facility is for $150 million.
When does the new credit facility mature?
The new credit facility matures on January 15, 2030.
Does this new facility replace a previous agreement?
Yes, the new facility replaces the company's previous credit agreement.
What is the date of this Form 8-K filing?
The date of the report is January 15, 2025.
Filing Stats: 499 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2025-01-15 16:22:35
Key Financial Figures
- $0.25 — ange on Which Registered Common Stock, $0.25 par value per share CSWC The Nasdaq Glo
Filing Documents
- cswc-20250115.htm (8-K) — 26KB
- cswc-pressreleasexq32025pr.htm (EX-99.1) — 14KB
- currentcswc.jpg (GRAPHIC) — 12KB
- 0000017313-25-000002.txt ( ) — 224KB
- cswc-20250115.xsd (EX-101.SCH) — 2KB
- cswc-20250115_def.xml (EX-101.DEF) — 16KB
- cswc-20250115_lab.xml (EX-101.LAB) — 27KB
- cswc-20250115_pre.xml (EX-101.PRE) — 16KB
- cswc-20250115_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On January 15, 2025, 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 December 31, 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 January 15, 2025 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: January 15, 2025 By: /s/ Michael S. Sarner Name: Michael S. Sarner Title: Chief Financial Officer