Capital Southwest announces $46M common stock offering

Capital Southwest Corporation announced that it has commenced an underwritten public offering of shares of its common stock of approximately $46.0M. The company intends to use the net proceeds from this offering to repay outstanding indebtedness under its senior secured revolving credit facility, to make investments in accordance with its investment objective and strategies, and for other general corporate purposes, including payment of operating expenses. Raymond James & Associates, UBS Securities, Wells Fargo Securities, and Goldman Sachs & Co. are acting as joint book-runners in the offering.