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 (CSWC) has announced the pricing of $200 million in 5.125% Convertible Notes due 2029, with an additional $30 million over-allotment option. The notes will pay quarterly interest and mature on November 15, 2029. The initial conversion rate is 40 shares per $1,000 principal amount, equivalent to a $25.00 per share conversion price, representing a 12% premium over the last reported stock price. The company expects net proceeds of approximately $193.6 million, which will be used to redeem its 4.50% Notes due 2026, repay revolving credit facility debt, and for general corporate purposes.
Capital Southwest (Nasdaq: CSWC) has announced a registered public offering of unsecured convertible notes due 2029. The notes will pay quarterly interest and can be converted into cash, CSWC common stock, or a combination of both at the company's discretion. The specific terms, including interest rate and initial conversion rate, will be determined during pricing.
The company plans to use the proceeds to redeem its 4.50% Notes due 2026 and repay part of its senior secured revolving credit facility with ING Capital Oppenheimer & Co. is serving as the sole book-running manager for the offering, which is being conducted under Capital Southwest's automatic shelf registration statement.
Capital Southwest (CSWC) reported financial results for Q2 FY2025 ended September 30, 2024. The company achieved pre-tax net investment income of $0.64 per share, fully covering both regular dividend of $0.58 and supplemental dividend of $0.06. Total investment portfolio reached $1.5 billion, with 98% in first-lien senior secured debt. The company originated $89.8 million in new commitments during the quarter, including investments in four new portfolio companies. Net Asset Value (NAV) per share was $16.59. The Board declared a regular dividend of $0.58 and supplemental dividend of $0.05 per share for Q4 2024.
Capital Southwest (Nasdaq: CSWC), an internally managed business development company, has announced its schedule for the Second Quarter 2025 Earnings Release and Conference Call. The company will release its Q2 2025 results on Monday, October 28, 2024, after market close. A live webcast is scheduled for Tuesday, October 29, 2024, at 11:00 a.m. Eastern time.
Investors can participate in the webcast through the Investor Relations section of Capital Southwest's website or by accessing a specific web-page. For those who wish to join the call and ask questions, registration is required through a provided URL. Registered participants will receive dial-in numbers and a unique PIN for call access. Registration remains open even after the event has started.
Capital Southwest (CSWC) has announced a significant expansion of its Corporate Credit Facility. The company has increased total commitments from $460 million to $485 million, representing a $25 million increase under the existing accordion feature. This expansion was facilitated by the addition of one new lender, bringing the total number of participants in the bank syndicate to 11. The Corporate Credit Facility's accordion feature allows for potential future growth, with maximum commitments of up to $750 million.
This increase in the credit facility enhances Capital Southwest's capacity to provide flexible financing solutions for middle market businesses, supporting their acquisition and growth strategies. The expansion of the credit facility demonstrates the company's continued ability to attract lender support and potentially signals confidence in its business model and growth prospects.
Capital Southwest (CSWC) reported strong financial results for Q1 FY2025 ended June 30, 2024. Pre-tax net investment income was $31.3 million or $0.69 per share. The company's total investment portfolio reached $1.5 billion, with a credit portfolio of $1.3 billion (98% 1st Lien Senior Secured Debt). CSWC increased its regular dividend to $0.58 per share and declared a supplemental dividend of $0.06 per share for Q2 FY2025. The company's NAV per share was $16.60, slightly down from $16.77 in the previous quarter. CSWC originated $108.1 million in new commitments during the quarter and received $77.2 million in prepayments. The company's balance sheet liquidity reached an all-time high of $485 million.
Capital Southwest (Nasdaq: CSWC) has announced preliminary estimates for its first quarter 2025 fiscal year (ended June 30, 2024) operating results. The company expects pre-tax net investment income of $0.68 to $0.69 per share and net investment income of $0.62 to $0.63 per share. The estimated net asset value per share is between $16.55 and $16.65, with regulatory leverage at 0.73x to 0.77x debt to equity.
Capital Southwest will release finalized Q1 2025 results on August 5, 2024, after market close. A live webcast is scheduled for August 6, 2024, at 11:00 a.m. Eastern time. Investors can participate via webcast or register for the live call to ask questions.
Capital Southwest (CSWC) reported strong financial results for the quarter and fiscal year ending March 31, 2024. For the fourth quarter, CSWC achieved a pre-tax net investment income of $29.8 million ($0.68 per share). The company declared total dividends of $0.63 per share for the quarter ending June 30, 2024. The total investment portfolio grew to $1.5 billion, with new credit investments of $154.6 million and a weighted average yield of 13.3%. However, the company recorded $15.9 million in net realized and unrealized depreciation on investments. For the fiscal year, CSWC's total investment income increased to $178.1 million, and the pre-tax net investment income grew by 18% to $2.72 per share.
During the year, CSWC's credit portfolio expanded by 30%, and the company improved its operating leverage. The net asset value per share remained stable at $16.77. The company also diversified its funding sources by securing a new $150 million SPV credit facility. Despite these positive performances, the company faced increased operating expenses and recorded significant net realized and unrealized losses on investments.
Capital Southwest announced the promotion of Josh Weinstein to Senior Managing Director and Chief Investment Officer and Chris Rehberger to Executive Vice President and Treasurer. The promotions are aimed at strengthening the executive team and driving growth for the company. Josh Weinstein has been instrumental in expanding the company's market presence and generating strong returns for shareholders. Chris Rehberger has played a key role in building a robust balance sheet capitalization strategy and managing financial operations.
