Capital Southwest to pay down credit facility with notes proceeds

By Rebecca Melvin

New York, Dec. 22 – Capital Southwest Corp. plans to repay a portion of debt outstanding under its credit facility using proceeds from an offering of new notes, according to a 424B2 filing with the Securities and Exchange Commission on Tuesday.

As of Dec. 21, Capital Southwest had $215 million of debt outstanding under its credit facility.

The proceeds of the notes will also be used to redeem all of its outstanding 2022 notes and for other general corporate purposes, including payment of operating expenses. Raymond James & Associates, Inc. is bookrunner of the new notes.

Capital Southwest is a Dallas-based middle market lender.

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