Capital Southwest gets $100 million revolver for middle market lending

By Angela McDaniels

Tacoma, Wash., Aug. 30 – Capital Southwest Corp. announced the closing of a $100 million syndicated revolving credit facility due Aug. 30, 2020 led by ING Capital LLC.

The revolver has a $50 million accordion feature, according to a company news release.

The interest rate is Libor plus 325 basis points with no Libor floor.

“This facility provides significant capitalization with which to execute our business plan, providing flexible financing for both our upper middle market and lower middle market businesses,” chief financial officer Michael Sarner said in the news release.

Capital Southwest is a Dallas-based middle market lender.

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