Capital Southwest Corp. commenced a registered public offering of $35 million of unsecured notes, subject to market and other conditions.
The company also gave underwriters an option to buy up to an additional $5.3 million of the notes
The notes are expected to be listed, and trade, on the Nasdaq Global Select Market under the trading symbol CSWCL within 30 days from the original issue date.
The company intends to use the net proceeds from the offering to repay outstanding debt under its existing credit facility. As of Dec. 12, Capital Southwest had $86.0 million of debt outstanding under the credit facility that matures Nov. 16, 2021.
Keefe Bruyette & Woods Inc. is acting as sole book-running manager for the offering. Janney Montgomery Scott LLC and Ladenburg Thalmann & Co. Inc. are acting as lead managers. BB&T Capital Markets and B. Riley FBR Inc. are acting as co-managers.
