Capital Southwest Corporation (NASDAQ: CSWC) has amended its credit facility, increasing total commitments to $595 million from $510 million and extending the final maturity date to September 2, 2031.
The revolver’s revolving period has been extended to September 2, 2030, while the facility’s applicable margin was reduced from 2.15% to 2.00%, and the SOFR adjustment was removed. Unused commitment fees were lowered to a range of 0.50% to 0.75% annually, based on utilization, down from a previous range of 0.50% to 1.00%.
The amendment also expanded the uncommitted accordion feature, raising the maximum potential commitment from $750 million to $1 billion. Certain financial covenants were adjusted as part of the facility modification. The company reported no debt maturities until 2029 following the changes.
Chris Rehberger, Treasurer and Chief Financial Officer, stated the amendment strengthens the company’s platform for future growth by expanding borrowing capacity, lowering financing costs, extending the maturity profile, and increasing balance sheet flexibility.
As of June 30, 2026, Capital Southwest’s investments were valued at approximately $2.2 billion. The company operates as a business development company, focusing on middle-market lending with investments ranging from $5 million to $50 million across first lien, second lien, and non-control equity co-investments.
