MAY 20·Stock Titan→
Capital Southwest (NASDAQ: CSWC) outlines BDC lending model, leverage limits and $1.2B float
Capital Southwest (NASDAQ: CSWC), an internally managed business development company (BDC), outlined its lending model, leverage limits, and public float in its annual report. The company primarily invests in first lien debt and selective equity in lower middle market companies in the U.S., focusing on generating current income from debt and capital appreciation from equity. It adheres to a minimum asset coverage of 150% under the 1940 Act, with an internal board limit of 166%, and had a public float of over $1.2 billion and 62.1 million shares outstanding as of recent reporting dates.
MAY 20·Stock Titan→
Capital Southwest (NASDAQ: CSWC) boosts ATM stock sale program to $2.0B
Capital Southwest Corporation (CSWC) has significantly increased its at-the-market (ATM) stock offering program, raising the maximum aggregate amount of common shares that may be sold from $1.0 billion to $2.0 billion. The company will utilize sales agents including Jefferies, Raymond James, Citizens Capital Markets, and B. Riley for these offerings. Following this amendment, approximately $1.1 billion remains available under the program for future stock sales, which will be conducted under an existing shelf registration statement.
