CAPITAL SOUTHWEST (CSWC) Company Report

CSWC reported pre-tax net investment income of $0.61 per share and increased its undistributed taxable income (UTI) balance to $1.13 per share in Q2 2026.
The company declared total dividends of $0.64 per share for the December 2025 quarter, comprising a $0.58 per share regular dividend and a $0.06 per share supplemental dividend.
CSWC successfully raised $350 million in 5.95% notes due 2030, using the proceeds to redeem earlier maturities and extending its earliest unsecured maturity to fiscal year 2030.
Investment activity was robust, with $245 million in total new commitments, and the on-balance sheet credit portfolio grew 24% year-over-year to $1.7 billion as of September 2024.
The company also raised approximately $40 million in gross equity proceeds through its ATM program at a weighted average share price of $22.81 per share, or 137% of the prevailing NAV per share.

Nov 4, 2025, 4:00 PM

Transcript

Capital Southwest Announces Second Fiscal Quarter 2026 Financial Results

CSWC

Earnings

Debt Issuance

Dividends

Capital Southwest reported Pre-Tax Net Investment Income of $34.0 million, or $0.61 per weighted average common share, and a Net Asset Value (NAV) of $16.62 per share for the second fiscal quarter ended September 30, 2025.
The total investment portfolio reached $1.9 billion, with $245.5 million in new commitments originated during the quarter ended September 30, 2025.
The company issued $350 million in 5.950% Notes due 2030 and raised approximately $40 million through its Equity ATM Program, while declaring total dividends of $0.6402 per share for the quarter ended September 30, 2025.

Nov 3, 2025, 9:04 PM

8-K

Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2025

CSWC

Earnings

Debt Issuance

Dividends

Capital Southwest reported Pre-Tax Net Investment Income of $34.0 million, or $0.61 per weighted average common share, for the second fiscal quarter ended September 30, 2025.
The company's Net Asset Value (NAV) per share was $16.62 as of September 30, 2025, and it declared total dividends of $0.6402 per share for the quarter.
During the quarter ended September 30, 2025, Capital Southwest originated $245.5 million in new commitments, increasing its total investment portfolio to $1.9 billion.
The company successfully raised $350 million in a 5.950% unsecured bond transaction and approximately $40 million through its Equity ATM Program, enhancing its capitalization.

Nov 3, 2025, 9:01 PM

Press Release

Capital Southwest Announces Preliminary Q2 2026 Operating Results

CSWC

Earnings

Guidance Update

Capital Southwest Corporation (CSWC) announced preliminary operating results for its second fiscal quarter of 2026, which ended September 30, 2025.
The company's preliminary estimate for pre-tax net investment income is in the range of $0.60 to $0.61 per share, and net investment income is estimated between $0.56 and $0.57 per share.
Capital Southwest's preliminary net asset value per share as of September 30, 2025, is estimated to be in the range of $16.60 to $16.64.
Preliminary non-accruals as a percentage of the total investment portfolio are 2.6% at cost and 1.0% at fair value.
Finalized second quarter 2026 results will be released on Monday, November 3, 2025, with a conference call scheduled for Tuesday, November 4, 2025.

Oct 15, 2025, 8:04 PM

Press Release

Capital Southwest Corporation issues 5.950% Notes due 2030

CSWC

Debt Issuance

Capital Southwest Corporation (CSWC) issued $350.0 million aggregate principal amount of 5.950% Notes due 2030 on September 18, 2025.
The company received approximately $343.6 million in net proceeds from the offering, which it intends to use to redeem its outstanding 7.75% Notes due 2028 and 3.375% Notes due 2026, and to repay a portion of its credit facility indebtedness.
These new notes are direct unsecured obligations, ranking pari passu with other unsecured, unsubordinated indebtedness, effectively subordinated to secured indebtedness, and structurally subordinated to subsidiary obligations.

Sep 18, 2025, 8:29 PM

8-K

Capital Southwest Corporation Announces New Notes Offering and Debt Redemptions

CSWC

Debt Issuance

Capital Southwest Corporation entered into an underwriting agreement on September 9, 2025, for the issuance and sale of $350.0 million in aggregate principal amount of its 5.950% Notes due 2030.
The closing of this offering is expected to occur on September 18, 2025.
The company intends to use the net proceeds from the new notes to repay outstanding indebtedness, including the redemption of its outstanding August 2028 Notes and October 2026 Notes.
Specifically, $150,000,000 of the 3.375% Notes due 2026 will be redeemed on October 13, 2025.

Sep 11, 2025, 8:47 PM

8-K

Capital Southwest Declares Dividends for Q4 2025

CSWC

Dividends

Capital Southwest Corporation declared monthly regular dividends of $0.1934 per share for October, November, and December 2025.
A quarterly supplemental dividend of $0.06 per share was also declared, payable in December 2025.
The total regular dividends for the quarter ending December 31, 2025, will be $0.58 per share, with total dividends, including supplemental, reaching $0.64 per share.
The regular monthly dividends have ex-dividend dates of October 15, 2025, November 14, 2025, and December 15, 2025, with payment dates on October 31, 2025, November 28, 2025, and December 31, 2025, respectively. The supplemental dividend's ex-dividend and payment date is December 15, 2025, and December 31, 2025, respectively.

Aug 27, 2025, 8:02 PM

Press Release

Earnings Transcripts

Quarterly earnings call transcripts for CAPITAL SOUTHWEST.

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