Capital Southwest Increases Credit Facility to $380MM

Capital Southwest, an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, amended its senior secured credit facility. The amendment increased the total commitments from $335 million to $380 million and changed the benchmark interest rate from LIBOR to Term SOFR. The $45 million increase in total commitments was provided by the existing lender group, which consists of ten participants.