New Issue: Capital Southwest prices $75 million 4½% notes due 2026 at par

By Taylor Fox

New York, Dec. 22 – Capital Southwest Corp. priced $75 million of 4½% notes (Egan-Jones: A-) due Jan. 31, 2026 on Tuesday at par according, to an FWP filing with the Securities and Exchange Commission.

Raymond James & Associates, Inc. is the bookrunning manager and Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and National Securities Corp. are co-managers.

Proceeds will be used to redeem Capital Southwest’s 5.95% notes due 2022 and repay a portion of its outstanding debt under its credit facility.

Capital Southwest is a Dallas-based middle market lender.

Issuer:	Capital Southwest Corp.
Amount:	$75 million
Description:	Notes
Maturity:	Jan. 31, 2026
Bookrunner:	Raymond James & Associates, Inc.
Co-managers:	Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and National Securities Corp.
Coupon:	4½%
Price:	Par
Yield:	4½%
Spread:	Treasuries plus 414 basis points
Call option:	Make-whole call at par plus 50 bps until Oct. 31, 2025, then a par call
Change of control:	At par
Pricing date:	Dec. 22
Settlement date:	Dec. 29
Rating:	Egan-Jones: A-

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