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 (CSWC) reported a pre-tax net investment income of $0.44 per share for the quarter ending March 31, 2021, with total investment income of $17.2 million. The company increased its regular dividend to $0.43 per share, totaling $0.52 per share for the quarter. Their total investment portfolio reached $688.4 million, a 24.5% year-over-year growth. The NAV per share increased to $16.01. Cash and cash equivalents stood at $31.6 million. CSWC also received its Small Business Investment Company license in April 2021.
Capital Southwest Corporation (CSWC) announced its backing of BRS & Co.'s majority recapitalization of Shearwater Research. This financing includes a revolving credit facility, first lien term loan, delayed draw term loan, and a minority equity co-investment, with Capital Southwest as the lead and sole administrative agent. Shearwater, known for its dive computers, aims to accelerate growth as dive travel resumes amid lifting travel restrictions. With net assets of approximately $313 million, Capital Southwest focuses on supporting middle-market businesses through flexible financing solutions.
Capital Southwest Corporation (CSWC) will announce its fourth quarter and fiscal year 2021 financial results on May 25, 2021, after market close. A conference call is scheduled for May 26, 2021, at 11:00 a.m. Eastern Time for investors to discuss the results. As of December 31, 2020, Capital Southwest reported approximately $313 million in net assets, focusing on providing flexible financing solutions to middle market businesses. The company emphasizes its capacity for creative financing to support the growth of portfolio companies over extended periods.
Capital Southwest Corporation (Nasdaq: CSWC) announced that its subsidiary, Capital Southwest SBIC I, LP, has received a license from the U.S. Small Business Administration to operate as a Small Business Investment Company (SBIC). This licensing allows the subsidiary to issue SBA-guaranteed debentures totaling up to $175 million. The SBIC status enhances Capital Southwest's ability to provide flexible financing solutions, particularly supporting underserved markets and diverse business ownership. CEO Bowen Diehl emphasized the strategic importance of this move for middle-market lending.
Capital Southwest Corporation (Nasdaq: CSWC) has appointed Ramona L. Rogers-Windsor as an independent member of its board of directors, effective March 26, 2021. With over 38 years of experience in financial services, including a significant tenure at Northwestern Mutual, she brings extensive expertise in investment management and financial risk underwriting. President Bowen Diehl expressed enthusiasm for her addition, citing her leadership experience and unique perspective. Capital Southwest focuses on providing flexible financing solutions for middle market businesses with net assets of approximately $313 million.
Capital Southwest Corporation (NASDAQ: CSWC) has announced a public offering of $65 million in 4.50% notes due 2026, priced at 102.11% of the principal amount, yielding approximately 4.0%. The offering will close on February 25, 2021, and the proceeds will be used to repay outstanding credit facility debt, while enabling re-borrowing for investments in lower and upper middle market companies. Post-offering, the total outstanding 4.50% notes due 2026 will be $140 million. The notes will bear interest payable semi-annually and may be redeemed at Capital Southwest's discretion.
Capital Southwest (CSWC) announced the tax treatment of its 2020 dividends, amounting to a total of $2.04 per share. These dividends consist of 100% ordinary income, with 91.82% taxed as ordinary income and 8.18% as qualified dividends. Non-corporate shareholders may benefit from favorable tax treatment, with a maximum federal income tax rate of 20% plus a potential 3.8% Medicare surtax. For more detailed information, the company has provided comprehensive tax characteristics on its website.
Capital Southwest Corporation (CSWC) reported a strong financial performance for the third fiscal quarter ending December 31, 2020, with a pre-tax net investment income of $10.0 million, or $0.52 per share. The investment portfolio totaled $648.8 million, with a credit portfolio of $531.1 million and a weighted average yield of 10.6%. The company declared total dividends of $0.52 per share for the quarter ended March 31, 2021. Additionally, CSWC executed significant capital commitments totaling $91 million and improved its net asset value to $15.74 per share.
Capital Southwest Corporation (Nasdaq: CSWC) will release its third quarter 2021 results on February 1, 2021, after market close. A conference call is scheduled for February 2, 2021, at 11:00 a.m. Eastern Time, allowing investors to participate via phone or webcast. Capital Southwest focuses on providing flexible financing solutions, with approximately $286 million in net assets as of September 30, 2020. The company emphasizes supporting middle market businesses with $5 to $25 million investments across various financing structures.
Capital Southwest Corporation (Nasdaq: CSWC) announced its support for O2 Investment Partners' investment in Flip Electronics, providing a first lien term loan and equity co-investment. Capital Southwest acts as the term loan agent, with PNC Bank and Main Street Capital Corporation also involved in the financing. Flip Electronics specializes in distributing electronic components, focusing on end-of-life and hard-to-find parts. This partnership aims to strengthen Flip's growth in critical supply chains across multiple industries, including military and aerospace.
