Capital Southwest Corporation (NASDAQ: CSWC) announced amendments to its credit facility, increasing the total size to $595 million from $510 million while reducing the applicable margin to 2.00% from 2.15%.
The amendment also expanded the uncommitted accordion feature to $1 billion from $750 million in maximum commitments. Unused commitment fees were lowered to a range of 0.50%–0.75% per annum, based on utilization, down from 0.50%–1.00%. The revolving period was extended to September 2, 2030, and the final maturity to September 2, 2031, with no debt maturities until 2029.
The company, which focuses on middle market lending with investments ranging from $5 million to $50 million across the capital structure, reported investments at fair value of approximately $2.2 billion as of June 30, 2026. Modifications included the removal of the SOFR adjustment and adjustments to financial covenants.
Chris Rehberger, Treasurer and Chief Financial Officer, stated, "This is an outstanding outcome for Capital Southwest and another important step in strengthening our platform for future growth. The amendment expands our borrowing capacity, lowers our financing cost, extends our maturity profile, and increases our overall balance sheet flexibility."
