Capital Southwest committed $7.5 million to lead the last-out portion of a unitranche asset-based credit facility for Freedom Truck Finance, a Dallas-based secondary truck finance company specializing in the acquisition and management of sub-prime commercial truck loans to independent owner operators. Triumph Commercial Finance led the first-out tranche of the facility and serves as administrative agent.

"We are pleased to have the opportunity to contribute to the continued growth of Freedom Truck Finance," said Bowen Diehl, President and Chief Executive Officer of Capital Southwest.  "We have known the principals at Freedom for many years and know them to be of the highest character and have a stellar track record as entrepreneurs in creating significant value in the secondary finance industry."

Douglas Kelley, Managing Director of Capital Southwest, added "Freedom Truck Finance operates a proven collateral-based approach to credit that allows independent owner operators to stand on their own merits and truck dealers to support a broader range of customers, which we think is unique and will be transformative in the industry. Our investment in Freedom Truck Finance is representative of our commitment to providing junior capital to support strong management teams of growing middle market businesses that generate attractive risk-adjusted returns to our shareholders."

"We are grateful for Capital Southwest's support and role in our growth at this exciting stage of our development," said Blake Bozman, Managing Director of Freedom Truck Finance.  "They delivered on what they said they would do, and took a partnership approach to the documentation negotiation and closing process."

Freedom Truck Finance was established in 2013 by former principals of Drive Financial Services, LP, which specialized in the purchase, securitization, and servicing of new and used sub-prime automobile loans and was sold to Banco Santander, S.A. in 2006 for $636 million. Leveraging this past success and experience, Freedom Truck Finance partners with commercial truck dealers in 18 states to provide prudent financing alternatives to independent owner operators with a commitment to unsurpassed customer support.

Capital Southwest Corporation is a Dallas-based, publicly traded, internally-managed business development company ("BDC") with approximately $275 million in net assets. On September 30, 2015, Capital Southwest completed the spin-off to shareholders of its industrial businesses, CSW Industrials, Inc. Capital Southwest is a credit investment firm focused on supporting the acquisition and growth of middle- market businesses with $5 million to $20 million investments across the capital structure, including first lien, unitranche, second lien and subordinated debt, as well as non-control equity co-investments.