Capital Southwest Corporation priced an underwritten public offering of $350 million in 6.750% notes due 2031. The notes priced at 98.985% of their principal amount. This pricing results in an approximate yield-to-maturity of 6.994%. The offering is scheduled to close on September 15, 2026.
The company will use net proceeds to pay down its senior secured revolving credit facility. Capital Southwest then intends to re-borrow these funds to finance new middle-market investments. Remaining capital will support general corporate purposes.