Capital Southwest Corporation Prices Public Offering of $350 million 5.950% Notes due 2030

DALLAS, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ: CSWC) (the “Company”, “Capital Southwest”, “we”, “us” and “our”) is pleased to announce that it has priced an underwritten public offering of $350 million in aggregate principal amount of 5.950% notes due 2030 (the “Notes”). The Notes will bear interest at a rate of 5.950% per year, payable semi-annually, will mature on September 18, 2030 and may be redeemed in whole or in part at the Company’s option at any time prior to August 18, 2030, at par plus a “make-whole” premium, and thereafter at par. The Notes will be issued to the public at a price of 99.345% of the aggregate principal amount of the Notes, resulting in a yield-to-maturity of 6.104%. The offering is subject to customary closing conditions and is expected to close on September 18, 2025.

The Company intends to use the net proceeds from this offering to redeem in full the Company's outstanding 7.75% Notes due 2028 and the Company's outstanding 3.375% Notes due 2026, and to repay a portion of the outstanding indebtedness under the Company’s senior secured revolving credit facility (the “Corporate Credit Facility”) and/or the Company’s special purpose vehicle financing credit facility (the “SPV Credit Facility”). However, through re-borrowings under each of the Corporate Credit Facility and the SPV Credit Facility, the Company intends to make investments in accordance with its investment objective and strategies, and for other general corporate purposes, including payment of operating expenses.

Deutsche Bank Securities Inc., ING Financial Markets LLC, Morgan Stanley & Co. LLC, SMBC Nikko Securities America, Inc., and Wells Fargo Securities, LLC are acting as active bookrunners for this offering. Citizens JMP Securities, LLC and Raymond James & Associates, Inc. are acting as passive bookrunners for this offering. B. Riley Securities, Inc., Oppenheimer & Co. Inc. and UBS Investment Bank are acting as co-managers for this offering.

Investors should carefully consider, among other things, Capital Southwest’s investment objective and strategies and the risks related to Capital Southwest and the offering before investing. The pricing term sheet dated September 9, 2025, the preliminary prospectus supplement dated September 9, 2025 and the accompanying prospectus dated October 29, 2024, each of which has been filed with the Securities and Exchange Commission (the “SEC”), contain this and other information about Capital Southwest and should be read carefully before investing.

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