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Published on 3/20/2024 in the Prospect News Bank Loan Daily.

Capital Southwest announces new $150 million secured credit facility

Chicago, March 20 – Capital Southwest Corp. entered into a senior secured revolving credit facility with Deutsche Bank AG, New York Branch through wholly owned subsidiary Capital Southwest SPV LLC, according to a press release.

Initial commitments are for $150 million, with an increase to $200 million by the earlier of June 20 or a date requested by the company.

There is allowance for further expansion up to $400 million of total commitments from new and existing lenders on the same terms and conditions as the existing commitments.

Interest will be at SOFR plus 250 basis points during the revolving period ending March 20, 2027.

The facility matures March 20, 2029.

Security is a first-lien interest in all of the special purpose vehicle’s assets, but with non-recourse to the parent.

Capital Southwest is a Dallas-based middle market lender.


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