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 Corporation (CSWC) is a leading credit-focused business development company providing flexible financing solutions to middle market businesses. This news hub offers investors and financial professionals centralized access to official corporate announcements, strategic developments, and market-moving updates.
Track CSWC's latest financial performance through quarterly earnings reports, dividend declarations, and portfolio company updates. Stay informed about new credit facility agreements, strategic investments, and leadership changes that shape the company's position in middle market lending. Our curated collection ensures timely access to SEC filings, press releases, and material event disclosures.
Key updates include debt financing transactions, portfolio company acquisitions, and capital allocation strategies. The page serves as an essential resource for monitoring CSWC's credit performance metrics, risk management initiatives, and dividend distribution history. Bookmark this page for convenient access to the company's evolving financial narrative and regulatory disclosures.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for Amware Fulfillment's acquisition of Moulton Logistics through an incremental senior secured first lien term loan. Amware, a portfolio company since 2016, aims to enhance its footprint and customer base. Moulton, established in 1968, provides e-commerce fulfillment and retail distribution services from facilities in California and New Jersey. Capital Southwest, with approximately $286 million in net assets, focuses on middle market businesses, offering flexible financing solutions for growth and acquisitions.
Capital Southwest Corporation (NASDAQ: CSWC) has announced a $75 million underwritten public offering of 4.50% notes due 2026. These notes will bear interest at a rate of 4.50% per year, payable semi-annually, maturing on January 31, 2026, with redemption options available. The proceeds will be used to redeem existing higher-interest notes and repay credit facility debt, with additional funds allocated to investments in middle-market companies. The offering is set to close on December 29, 2020.
Capital Southwest Corporation (CSWC) announced its support for the acquisition of Broad Sky Networks, Inc. by IntelliSite Corporation, facilitated through first lien financing and equity co-investment. The transaction creates EPIC IO Technology, comprising Broad Sky and IntelliSite as independent subsidiaries, focusing on IoT, wireless connectivity, and AI services. The partnership aims to enhance a technology services platform and expand market reach. Capital Southwest, with approximately $286 million in net assets, continues to provide flexible financing solutions for middle-market businesses.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for Mountaingate Capital's investment in Acceleration Partners LLC through a senior secured first lien term loan and equity investment. This partnership aims to enhance Acceleration Partners' capabilities in the partner marketing industry. With approximately $286 million in net assets as of September 30, 2020, Capital Southwest focuses on middle market businesses, offering financing solutions ranging from $5 to $25 million. The financing deal highlights a collaborative approach in fostering growth in digital marketing services.
Capital Southwest Corporation (CSWC) reported a pre-tax net investment income of $0.44 per share for the second fiscal quarter ended September 30, 2020. The total investment portfolio stands at $631.2 million, with a significant 10.3% weighted average yield on debt investments. The company declared total dividends of $0.51 per share, covering 103% of its last twelve months pre-tax NII. The company's net asset value (NAV) per share increased from $14.95 to $15.36, driven by a net appreciation of $8.4 million in its portfolio.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for Cohere Capital's investment in Sonobi, Inc., providing a first lien term loan and equity co-investment. Capital Southwest led the financing and will serve as the sole administrative agent on the credit facility. This partnership enhances Sonobi's role in the digital advertising ecosystem, enabling advertisers to access over 125 million people without cookies. Capital Southwest, backed by approximately $278 million in net assets as of June 30, 2020, continues to focus on flexible financing solutions for middle market businesses.
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.
