
Capital Southwest Upsizes Corporate Credit Facility to $510 Million
Capital Southwest Increases Corporate Credit Facility to $510 Million
Dallas, TX – April 25, 2023 – Capital Southwest Corporation (NASDAQ: CSWC), a publicly traded business development company, announced today that it has increased its corporate credit facility to $510 million.
The increased credit facility will provide the company with additional liquidity to support its investment activities, including the origination of new loans and the recapitalization of existing portfolio companies. The facility is secured by a diverse portfolio of assets, including loans and investments in publicly traded companies.
"We are pleased to announce the increase in our corporate credit facility, which reflects the strength and diversity of our portfolio," said Joseph B. Hull, President and Chief Executive Officer of Capital Southwest. "This increased liquidity will enable us to continue to support our portfolio companies and pursue new investment opportunities that align with our investment strategy and goals."
Capital Southwest's corporate credit facility is led by a syndicate of major banks and is subject to certain covenants and restrictions. The company's portfolio is comprised of loans and investments in a variety of industries, including technology, healthcare, and consumer products.
About Capital Southwest Corporation Capital Southwest Corporation is a publicly traded business development company that specializes in providing financing to lower middle market companies, primarily in the form of subordinated debt and equity investments. The company's investment objective is to provide long-term risk-adjusted returns to its shareholders through a combination of debt and equity investments. Capital Southwest is headquartered in Dallas, Texas and has approximately $450 million in assets under management. For more information, visit our website at www.capitalsouthwest.com.