Capital Southwest Launches Offering of Convertible Notes Due 2029; Shares Fall

MT Newswires Live

2024/11/04

Capital Southwest (CSWC) said Monday it launched a public offering of unsecured convertible notes due 2029.

The company expects to use net proceeds from the offering to fully redeem its 4.50% notes due 2026, to repay part of the outstanding debt under its senior secured revolving credit facility with ING Group's (ING) ING Capital, and for general corporate purposes.

Capital Southwest shares were down 7% in recent trading.

Price: 22.27, Change: -1.71, Percent Change: -7.13

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