Item 1.01 Entry into a Material Definitive Agreement.
OnMay 11, 2022 ,Capital Southwest Corporation (the "Company") entered into Amendment No. 2 (the "Amendment") to the Second Amended and Restated Senior Secured Revolving Credit Agreement (the "Credit Agreement") by and among the Company, as borrower,ING Capital LLC , as administrative agent, the several banks and other financial institutions or entities from time to time party to the Credit Agreement as lenders, andTexas Capital Bank , as documentation agent. The Amendment changed the benchmark interest rate from LIBOR to Term SOFR. In addition, onMay 11, 2022 , the Company entered into an Incremental Commitment Agreement (the "Incremental Commitment Agreement"), pursuant to which the total commitments under the Credit Agreement increased from$335 million to$380 million . The descriptions of the Amendment and the Incremental Commitment Agreement contained herein are not intended to be complete and are qualified in their entirety by reference to the full text of the Amendment and the Incremental Commitment Agreement, copies of which are attached as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K, respectively, and are incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated in this item 2.03 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description 10.1 Amendment No. 2 to the Second Amended and
Restated Senior Secured Revolving
Credit Agreement, dated as ofMay 11, 2022 , by and
among Capital Southwest
Corporation, as Borrower, the guarantor party
thereto, the lenders from time
to time party thereto andING Capital LLC , as
Administrative Agent, and
Capital Bank , as Documentation Agent. 10.2 Incremental Commitment Agreement, dated as of May
11, 2022, by and among
Capital Southwest Corporation , the guarantors party
thereto,
Texas Capital Bank and the increasing lenders party thereto.
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