Capital Southwest Corp

capitalsouthwest.com

Capital Southwest Corporation (NASDAQ: CSWC) is a business development company (BDC) that provides debt and equity financing to middle-market companies across the United States. It earns income primarily through interest on floating-rate debt investments, structured as first lien term loans, second lien loans, and revolving credit facilities, along with returns from equity co-investments held alongside those debt positions. The portfolio as of March 31, 2026 spans sectors including media and marketing, consumer products, consumer services, industrial products, transportation and logistics, environmental services, financial services, food and agriculture, and pharmaceuticals and life sciences. Debt investments carry floating rates benchmarked to SOFR with various spreads and floors, and some positions include a paid-in-kind component. Equity positions are typically held as preferred or common units in the same portfolio companies receiving debt capital. Capital Southwest is organized as a regulated investment company under the 1940 Act and is externally subject to NAV-per-share disclosure and valuation requirements governing any common stock offerings.