Capital Southwest, a provider of financing to support the acquisition and growth of middle market businesses, will withdraw its voluntary redemption of $35 million in principal of the $77,136,175 in aggregate principal amount of issued and outstanding 5.95% notes due 2022.
According to an 8K filed with the SEC, ING Capital served as administrative agent, Hancock Whitney Bank served as assuming lender and Texas Capital Bank served as documentation agent for a $30 million increase to Capital Southwest’s senior secured credit facility.
Capital Southwest provided a revolving line of credit, a first lien term loan, and made an equity co-investment to support Five Points Capital recapitalization of GrammaTech.
Capital Southwest supported DFW Capital Partners recapitalization of Vertex Business Services with first lien financing and an equity co-investment.
Capital Southwest expanded its senior secured credit facility from $270 million to $295 million by executing the accordion feature.
Middle market lending firm Capital Southwest supported Stone-Goff Partners’ recent investment in Danforth Advisors.
Capital Southwest amended and restated its senior secured revolving credit facility, increasing commitments from $210 million to $270 million. The financing was led by ING Capital.
Capital Southwest supported the Bow River Capital 2017 Fund’s recent recapitalization of Roseland Management in partnership with Precision Spine Care.
Capital Southwest supported Milestone Partners III’s recent financing of Blaschak Coal, a domestic miner, preparer and marketer of Pennsylvania anthracite coal, with an $8.5 million split lien term loan.
Atlantic Street Capital refinanced Fast Sandwich with a first lien term loan and a revolving credit facility. Capital Southwest acted as sole administrative agent on the credit facility.