10:41 AM EST, 11/04/2024 (MT Newswires) -- Capital Southwest ( CSWC ) said Monday it launched a public offering of unsecured convertible notes due 2029.

The company expects to use net proceeds from the offering to fully redeem its 4.50% notes due 2026, to repay part of the outstanding debt under its senior secured revolving credit facility with ING Group's (ING) ING Capital, and for general corporate purposes.

Capital Southwest ( CSWC ) shares were down 7% in recent trading.

Price: 22.27, Change: -1.71, Percent Change: -7.13