Capital Southwest starts at-the-market offering of up to $50 million 5.95% $25-par notes due 2022

By James McCandless

San Antonio, Sept. 14 – Capital Southwest Corp. has entered into an agreement to sell up to $50 million more of its $25-par 5.95% notes due Dec. 15, 2022.

The at-the-market sales agreement lists B. Riley FBR as the distributor.

Sales will be by means of ordinary brokers’ transactions, at prices related to prevailing market prices or at negotiated prices.

B. Riley will receive a commission equal to 2% of the gross sale price of the notes.

The notes are redeemable on or after Dec. 15, 2019.

The new notes are an add-on and will be fungible with the $50 million and $7.5 million principal amount of the notes issued by the company on Dec. 15, 2017 and Dec. 28, 2017, respectively.

The notes are listed on the Nasdaq Global Select Market under the symbol “CSWCL.”

Capital Southwest is a Dallas-based middle market investment company.

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