Capital Southwest reports Q4 adjusted NII 61c, consensus 61c

CEO Michael Sarner stated, “The March quarter was another strong quarter for Capital Southwest (CSWC), with approximately $150M of new committed originations. Our portfolio continued to generate significant income for our shareholders, producing 61c of adjusted pre-tax net investment income per share, or 56c of pre-tax net investment income per share, for the quarter… We continued to efficiently raise equity capital during the quarter, raising over $68M on our Equity ATM Program. In April 2025, we increased commitments by $25M on our Corporate Credit Facility to $510M. Additionally, we received a license from the U.S. Small Business Administration to operate a second SBIC subsidiary. This license provides Capital Southwest with access to up to an additional $175M in cost effective debt capital, bringing Capital Southwest’s aggregate borrowing capacity through the SBIC program to a total of up to $350M.”