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Capital Southwest Corp., 5.95% Notes due 12/15/2022
Ticker Symbol: CSWCL* CUSIP: 140501206 Exchange: NGS
* NOTE: This security is no longer trading as of 1/21/2021
Security has been Called for: Thursday, January 21, 2021
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December 22, 2020 -- Capital Southwest Corporation (the “Company”) caused notices to be issued to the holders of its 5.95% Notes due 2022 (CUSIP No. 140501206; NASDAQ: CSWCL) (the “Notes”) regarding the Company’s exercise of its option to redeem, in whole, the issued and outstanding Notes. The Company will redeem $37,136,175 in aggregate principal amount of the issued and outstanding Notes on January 21, 2021 (the “Redemption Date”). The Notes will be redeemed at 100% of their principal amount ($25 per Note), plus the accrued and unpaid interest thereon, through, but excluding, the Redemption Date. November 11, 2020 -- The Company is electing to exercise its option to redeem, in part, the 5.95% Notes due 2022 (the “Notes”). The Company will redeem $20,000,000 in aggregate principal amount of the Notes of the $57,136,175 in aggregate principal amount of issued and outstanding Notes on December 10, 2020 (the “Redemption Date”). The redemption price for the Notes equals 100% of the $20,000,000 aggregate principal amount of the Notes being redeemed (or $25 in principal amount per Note), plus the accrued and unpaid interest thereon, through, but excluding, the Redemption Date (the “Redemption Payment”). The aggregate accrued interest on the Notes being redeemed that is payable on the Redemption Date will be approximately $280,972.22 (or approximately $0.3512 on each $25 principal amount of the Notes being redeemed). September 29, 2020 (the "Redemption Date"), the Company redeemed $20 million in aggregate principal of the December 2022 Notes. The December 2022 Notes were redeemed at 100% of their principal amount, plus the accrued and unpaid interest thereon, through, but excluding the Redemption Date. Accordingly, during the three months ended September 30, 2020, the Company recognized realized losses on the extinguishment of debt of $0.3 million, equal to the write-off of the related unamortized debt issuance costs during the quarter ended September 30, 2020. March 26, 2020 -- Capital Southwest Corporation (Nasdaq: CSWC), an internally managed business development company; today announced the Company will withdraw its voluntary redemption of $35,000,000 in principal of the $77,136,175 in aggregate principal amount of issued and outstanding 5.95% Notes due 2022 previously scheduled to be redeemed on April 3, 2020. March 05, 2020 -- Capital Southwest Corp (CSWC) today has announced a call of 1.4 million shares (just under 50% of shares/bonds outstanding) of their 5.75% Notes (CSWCL) Due 2022. The partial call will take place on 4/3/2020.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Capital Southwest Corp. 5.95% Notes due 2022, issued in $25 denominations, redeemable at the issuer's option on or after 12/15/2019 at $25 per note plus accrued and unpaid interest, and maturing 12/15/2022. Interest distributions of 5.95% per annum (1.4875 per annum or $0.371875 per quarter) will be paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record on the record date that will be 3/1, 6/1, 9/1 & 12/1 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. This security was not rated by Moody’s or S&P at the time of its IPO. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (CSWC)
IPO - 12/12/2017 - 2.00 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $37.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 5400 Lyndon B Johnson Feeway, Lincoln Center Tower 1, Suite 1300, Dallas, TX 75240 |
| Main Phone Number |
214-238-5700 |
| Fax Number |
214-238-5701 |
| Investor Contact (CFO)
Michael S. Sarner
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214-884-3829
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Toll Free Phone Number |
Unknown |
| CEO - Bowen S. Diehl |
CFO - Michael S. Sarner |
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