Capital Southwest Corporation has announced the redemption of $150,000,000 in aggregate principal amount of the 3.375% Notes due 2026.
The redemption date is set for October 13, 2025, marking a strategic financial decision by the company.
This redemption includes the payment of accrued and unpaid interest along with a make-whole premium, totaling the Redemption Price.
Redemption Details
The company will redeem $150,000,000 in aggregate principal amount of the issued Notes on October 13, 2025, at a Redemption Price including accrued interest and a make-whole premium.
Implications for Holders
After the Redemption Date, interest ceases to accrue on the redeemed Notes, with the Holders entitled to receive the Redemption Payment through the Trustee.
Financial Impact
The redemption indicates Capital Southwest Corporation's proactive management of its debt obligations, optimizing its financial structure.
- The redemption aligns with the company's goal of reducing debt and enhancing financial flexibility.
- By redeeming a significant amount of the Notes, Capital Southwest Corporation aims to streamline its balance sheet and improve overall financial health.
Capital Southwest Corporation's decision to redeem the 3.375% Notes due 2026 showcases a strategic approach to managing its debt and strengthening its financial position in the market.