Daily News: January 12, 2018

Capital Southwest Provides Term Loan to Capital Pawn

Capital Southwest, a middle-market lending firm focused on supporting the acquisition and growth of middle market businesses, acted as sole administrative agent and lender for a first lien term loan for Capital Pawn Holdings, a portfolio company of The Capital Corporation. The funding will be used to refinance existing indebtedness.

“We are pleased to have the opportunity to partner with The Capital Corporation, and to support Capital Pawn’s continued growth,” said Josh Weinstein, managing director of Capital Southwest. “Capital Pawn has built an impressive leadership position in its markets and is led by a strong management team. We also find attractive the full economic cycle performance of the pawn industry, which is counter cyclical in many respects.”

Capital Pawn provides non-recourse loans collateralized by tangible personal property for short-term cash needs to consumers in the southeastern U.S. and operates 18 pawn shops across Florida, Alabama, Mississippi and Louisiana. It does not provide pay-day loans or loans secured by auto titles.