Capital Southwest to Call Baby Bonds

BDC Capital Southwest (CSWC) will be calling their 5.95% Notes due 2022 (CSWCL).

The company had called 800,000 shares on 9/29/2020 and they will be calling the balance (about 1.485 million shares) on 1/21/2021 for $25 plus accrued interest.

This is another case of a good issue falling to the proceeds of a 4.50% $1,000 note issue.

No loss will be taken on the call as shares are trading at today at $25.10.

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