Capital Southwest prices USD 350 million 6.75% notes due 2031 to repay credit facility debt
CSWC•Key terms of the notes
The Notes pay 6.750% interest semi-annually from March 15, 2027; maturity is Sept. 15, 2031.
- Issuer call option: make-whole redemption before Aug. 15, 2031; redeemable at par thereafter.
- Holders can require repurchase at 100% of principal upon a Change of Control Repurchase Event.
Notes offering and use of proceeds
Capital Southwest entered an underwriting agreement for a USD 350 million offering of 6.750% Notes due 2031.
Net proceeds of about USD 342.1 million will repay part of borrowings under its senior secured revolving Corporate Credit Facility.
