ING Capital Leads Syndicate Increasing Capital Southwest’s Credit Facility to $460MM

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 credit facility was increased under the existing accordion feature by $25 million, bringing total commitments from $435 million to $460 million. The $25 million increase was provided by one new lender, which was ING Capital, according to an 8-K filed by the company, bringing the total bank syndicate to 10 participants. The existing credit facility accordion feature allows for maximum commitments of up to $750 million.