Capital Southwest, an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, increased the total commitments under its senior secured credit facility.
The corporate credit facility was increased under the existing accordion feature by $25 million, bringing total commitments from $460 million to $485 million. The $25 million increase was provided by one new lender, bringing the total bank syndicate to 11 participants. The existing corporate credit facility accordion feature allows for maximum commitments of up to $750 million.
According to a related 8-K filing, ING Capital served as administrative agent and issuing bank on the transaction, and Texas Capital Bank served as documentation agent.
