Capital Southwest Corporation filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): April 9, 2025
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Item 1.01 Entry into a Material Definitive Agreement.
On April 9, 2025, Capital Southwest Corporation (the “Company”) entered into (i) an Incremental Commitment Agreement (the “Apple Incremental Agreement”) by and among the Company, as borrower (the “Borrower”), Capital Southwest Equity Investments, Inc., as a subsidiary guarantor (the “Subsidiary Guarantor”), Apple Bank, as the increasing lender party thereto, and ING Capital LLC, as administrative agent (the “Administrative Agent”) and issuing bank and (ii) an Incremental Commitment Agreement (the “Mitsubishi Incremental Agreement”, together with the Apple Incremental Agreement, the “Incremental Agreements”, each an “Incremental Agreement”) by and among the Borrower, the Subsidiary Guarantor, Mitsubishi HC Capital America, Inc., as the increasing lender party thereto, and the Administrative Agent, both of which relate to the Third Amended and Restated Senior Secured Revolving Credit Agreement, dated August 2, 2023 (as amended on March 1, 2024, the “Credit Agreement” and the credit facility thereunder, the “Corporate Credit Facility”), by among the Borrower, the several lenders party to the Credit Agreement, the Administrative Agent, and Texas Capital Bank, N.A., as documentation agent. The Incremental Agreements increased the total commitments under the Credit Agreement by $25 million from $485 million to $510 million. The increase was executed under the accordion feature of the Credit Agreement, which allows for an increase in total commitments under the Corporate Credit Facility from new and existing lenders on the same terms and conditions as the existing commitments in an amount up to $750 million.
The description of the Incremental Agreements contained herein is not intended to be complete and is qualified in its entirety by reference to the full text of the Incremental Agreements, each of which is attached as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K, and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated in this Item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 10.1 | ||||||||
| 10.2 | ||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 9, 2025
| By: | /s/ Michael S. Sarner | |||||||
| Name: Michael S. Sarner | ||||||||
| Title: President and Chief Executive Officer | ||||||||