Capital Southwest to offer convertible notes due 2029

seekingalpha
2024-11-04
  • Capital Southwest (NASDAQ:CSWC) said it will start a public offering of unsecured convertible notes due 2029.
  • The firm said the notes will be unsecured obligations of Capital Southwest, will accrue interest payable quarterly in arrears and will mature in 2029.
  • The firm expects to use the proceeds from the offering to redeem in full its 4.50% notes due 2026, to repay a portion of the outstanding indebtedness under its senior secured revolving credit facility with ING Capital, and for general corporate purposes.

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