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Capital Southwest Q1 Earnings Call Highlights
['Kim Johansen']
Markets Daily
Capital Southwest closed $222 million of new commitments during the quarter across 11 new portfolio companies and 16 existing portfolio companies.
New portfolio company debt originations were entirely first-lien senior secured, while 99% of the credit portfolio was first-lien senior secured at quarter-end.
Loans on non-accrual represented 1.1% of the investment portfolio at fair value, unchanged sequentially.
Equity Portfolio and Earnings DetailsThe company’s equity co-investment portfolio included 95 investments with a fair value of $202 million, or 9% of the total portfolio at fair value.
Rehberger said Capital Southwest is working on an amendment and maturity extension for its corporate credit facility that could improve its cost of capital.