Business Context and Reporting Period
Company: Capital Southwest Corporation
Filing Type: Form 8-K (Current Report)
Date of Report: December 22, 2020
Event: Notice of redemption for 5.95% Notes due 2022.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or general liquidity metrics. It specifically addresses the following debt instrument:
- Security: 5.95% Notes due 2022 (CUSIP: 140501 206; Symbol: CSWCL)
- Principal Amount to be Redeemed: $37,136,175
- Redemption Price: 100% of principal amount ($25 per Note) plus accrued and unpaid interest through, but excluding, the Redemption Date.
- Redemption Date: January 21, 2021
Material Changes
The Company exercised its option to redeem, in whole, the issued and outstanding 5.95% Notes due 2022 pursuant to Section 11.04 of the Indenture dated October 23, 2017, and Section 1.01(h) of the First Supplemental Indenture dated December 15, 2017. This action will result in the full retirement of this specific debt obligation.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks beyond the execution of the redemption. The primary contingency is the scheduled payment of principal and accrued interest on January 21, 2021.
Investor Verification Checklist
- Verify the total cash outflow required on January 21, 2021, including the $37,136,175 principal plus accrued interest.
- Confirm the impact of this redemption on the Company's total debt load and interest expense going forward.
- Review the attached Exhibit 99.1 (Notice of Redemption) for specific payment instructions to noteholders.