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