Welcome to our dedicated page for Capital Southwest news (Ticker: CSWC), a resource for investors and traders seeking the latest updates and insights on Capital Southwest stock.
Capital Southwest Corp (NASDAQ: CSWC) is an internally-managed Business Development Company (BDC) that specializes in credit-focused investments. The company is a prominent lender to middle-market businesses across the capital structure, offering flexible capital solutions that address financing needs unmet by traditional first lien senior lenders. Headquartered in Dallas, Texas, Capital Southwest is uniquely positioned to finance lower middle-market companies with EBITDA ranging from $3 to $12 million.
Capital Southwest's investment strategy focuses on providing financings between $5 and $50 million, with individual commitments ranging from $5 to $20 million per deal. Their robust network of co-investors enables the company to effectively meet the needs of its clients. The company's criteria for investment include a minimum EBITDA of $3 million, a proven management team motivated by continued ownership, an established market position, and a history of positive cash flow.
The company offers a range of investment structures, including unitranche debt through a network of first out senior lending relationships, first lien debt, second lien, and subordinated debt. Additionally, the company's portfolio may comprise preferred stocks, common stocks, and warrants.
The primary revenue sources for Capital Southwest include interest income and dividend income from its investments, along with management fees. The company aims to generate attractive risk-adjusted returns by producing current income from debt investments and capital appreciation from equity and equity-related investments. Their investment team, boasting decades of experience working together, is committed to delivering value to shareholders.
The company has recently reported several key achievements and financial highlights:
- Special Meeting: Scheduled for October 11, 2023 to discuss forward-looking statements and company performance.
- Q2 FY2024 Financial Highlights: Pre-tax net investment income of $0.67 per share and a regular dividend of $0.57 per share, along with a supplemental dividend of $0.06 per share for the quarter ended December 31, 2023.
- Q3 FY2024 Financial Highlights: Pre-tax net investment income of $0.72 per share and consistent dividend payouts, reflecting robust financial health and commitment to shareholder returns.
- Upcoming Events: Scheduled calls on January 30, 2024, and May 15, 2024, to provide updates on financial performance and strategic initiatives.
Investors and stakeholders should note the forward-looking statements regarding the company’s future performance and financial condition. These are based on management’s current expectations and are subject to various risks and uncertainties. Readers are encouraged to review the company’s Annual Report on Form 10-K for a comprehensive discussion of these risks.
Capital Southwest Corporation (Nasdaq: CSWC) has announced it will release its Q2 2021 financial results on October 30, 2020, post-market closure. A conference call is scheduled for November 2, 2020, at 11:00 a.m. ET, allowing investors to participate via phone or webcast. The company, focused on providing financing solutions for middle-market businesses, reported approximately $278 million in net assets as of June 30, 2020. The call will review financial performance and forecasts amidst ongoing economic challenges, including the impacts of the COVID-19 pandemic.
Capital Southwest Corporation (CSWC) announced its support for Align Capital Partners' acquisition of Electronic Transaction Consultants Corporation (ETC) from Atlantia SpA. The deal includes a revolver, first lien term loan, and equity co-investment, with Capital Southwest acting as the administrative agent. ETC, based in Texas, provides electronic tolling technology and smart mobility solutions, leveraging AI and big data. This strategic partnership aims to enhance ETC's technology investments and market position.
Capital Southwest Corporation (NASDAQ: CSWC) has announced a $50 million underwritten public offering of additional 5.375% notes due 2024, priced at 100% of the principal amount. This issuance increases the total outstanding 5.375% notes due 2024 to $125 million. Proceeds will be used to repay debt under its credit facility, currently at $197 million, with plans for further investments in lower and upper middle market portfolio companies, marketable securities, and general corporate purposes. The offering is expected to close on August 17, 2020.
Capital Southwest (CSWC) announced its support for Vertex Business Services' acquisition of WaterSmart through first lien financing and equity co-investment. This acquisition enhances VertexOne's offerings to smaller water utilities, serving approximately 150 customers across 33 states. Capital Southwest acts as the administrative agent on the credit facility, with East West Bank providing additional financing. As of June 30, 2020, Capital Southwest reported around $278 million in net assets, focusing on middle market investments from $5 million to $25 million.
Capital Southwest Corporation (Nasdaq: CSWC) announced it received a 'green light' letter from the U.S. Small Business Administration (SBA) to apply for a Small Business Investment Company (SBIC) license. This license could allow the company to issue up to $175 million in SBA-guaranteed debentures, enhancing its long-term capital options. The CEO emphasized that this step aligns with Capital Southwest's goal to support underserved markets. However, the green light does not guarantee that the SBA will grant the license, and there's no timeline provided for the decision.
Capital Southwest Corporation (CSWC) announces the release of its first quarter 2021 results on August 3, 2020, post-market close. A conference call will follow on August 4, 2020, at 11:00 a.m. Eastern Time for investors to discuss these results. The company focuses on flexible financing for middle market businesses, boasting approximately $272 million in net assets as of March 31, 2020. The earnings release will provide insights into its performance and future outlook.
Capital Southwest Corporation (Nasdaq: CSWC) has transitioned its 2020 Annual Meeting of Shareholders to a virtual format due to COVID-19 concerns. Scheduled for July 29, 2020, at 9:00 a.m. Dallas time, shareholders can participate online using their control number from proxy materials. The company urges shareholders to vote ahead of the meeting. As of March 31, 2020, Capital Southwest reported approximately $272 million in net assets, focusing on investments between $5 million to $25 million in middle-market businesses.
Capital Southwest (CSWC) announced support for Coastal Television Broadcasting Holdings' acquisitions of stations controlled by Wyoming Media Group. The financing consists of term loans and a revolving credit facility, with Capital Southwest acting as the sole administrative agent. Coastal TV aims to enhance its broadcasting portfolio in Wyoming. Capital Southwest, with about $272 million in net assets, focuses on providing flexible financing solutions for middle-market businesses.
Capital Southwest (CSWC) has announced its support for Osceola Capital's recapitalization of Central Medical Group (CMG) through a senior secured first lien term loan, revolver, and capex line, alongside a minority equity investment. CSWC will act as the sole administrative agent for the credit facilities. CMG is recognized for its medical equipment solutions and services, particularly for hospices during the COVID-19 pandemic. With approximately $272 million in net assets, CSWC focuses on middle-market businesses, providing flexible financing solutions.
Capital Southwest Corporation (CSWC) reported its financial results for the fiscal year ended March 31, 2020. The total investment portfolio grew by 6% to $553.1 million, with a credit portfolio of $474.3 million, primarily 1st lien secured debt. Despite a challenging economic environment due to COVID-19, the company declared a total dividend of $0.51 per share for the upcoming quarter. CSWC achieved a pre-tax net investment income of $30.3 million for the year, up 14% from the previous year. However, net realized and unrealized losses totaled $31.9 million for the quarter, contributing to a decline in NAV per share to $15.13.
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