CAPITAL SOUTHWEST CORPORATION (NASDAQ:CSWC) Files An 8-K Entry into a Material Definitive Agreement

ME Staff 8-k
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CAPITAL SOUTHWEST CORPORATION (NASDAQ:CSWC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.

On October 23, 2017, Capital Southwest Corporation (the “Company”) entered into a base indenture (the “Indenture”) with U.S. Bank National Association, as trustee (the “Trustee”).It is anticipated that the Indenture will govern future issuances of debt securities issued by the Company unless otherwise expressly stated in the applicable offering document or prospectus.The Indenture was entered into by the Company and the Trustee in connection with the Company filing a registration statement on Form N-2 under the Securities Act of 1933, as amended. The Indenture is subject to, and governed by, the Trust Indenture Act of 1939, as amended.As of the date of this report, no debt securities have been issued under the Indenture.

The Indenture contains customary events of default, including failure to make required payments, failure to comply with certain agreements or covenants, certain events of bankruptcy and insolvency, and failure to maintain applicable asset coverage requirements.The Indenture also contains certain covenants that, among other things, limit the ability of the Company, subject to exceptions, to consolidate with or merge with or into any other entity or convey or transfer all or substantially all of its properties and assets.

The foregoing description of the Indenture does not purport to be complete and is qualified in its entirety by reference to the Indenture, a copy of which will be included as an exhibit to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2017.


About CAPITAL SOUTHWEST CORPORATION (NASDAQ:CSWC)

Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments. It focuses on partnering with business owners, management teams and financial sponsors to provide financing solutions to fund growth, changes of control, or other corporate events. In allocating future investments, it focuses on investing in senior and subordinated debt securities secured by security interests in portfolio company assets, coupled with equity interests. It targets senior and subordinated investments in the lower middle market and private loan transactions, as well as first and second lien syndicated loans in middle market companies.