Capital Southwest Corporation announced the closing of a four-year syndicated revolving credit facility led by ING Capital LLC in the initial amount of $100 million, with an accordion feature that provides for expansion of the facility up to $150 million, subject to customary conditions. The facility will bear interest at a rate of LIBOR plus 3.25% per annum, with no LIBOR floor.  The Credit Facility has a maturity date of August 30, 2020.

“We are excited to announce the closing of this credit facility and the beginning of what we believe will be a long partnership with ING and the full bank syndicate,” noted Michael S. Sarner, Chief Financial Officer of Capital Southwest.  “This facility provides significant capitalization with which to execute our business plan, providing flexible financing for both our Upper Middle Market and Lower Middle Market businesses.”

Capital Southwest Corporation is a Dallas, Texas-based publicly traded Business Development Company, with approximately $273 million in net assets as of June 30, 2016. On September 30, 2015, Capital Southwest completed the spin-off to shareholders of its industrial businesses, CSW Industrials, Inc.  Capital Southwest is a middle-market lender, focused on supporting the acquisition and growth of middle-market businesses with investments from $5 million to $20 million across the capital structure, including first lien, unitranche, second lien and subordinated debt, as well as non-control equity co-investments. Since Capital Southwest's formation in 1961, it has always sought to invest in companies with strong management teams and sound financial performance.