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Capital Southwest Provides $13MM First Lien Term Loan to Amware

August 03, 2016, 07:50 AM
Filed Under: Logistics

Capital Southwest Corporation provided a $13 million term loan to refinance existing first lien debt of Amware Fulfillment, LLC ("Amware"), a portfolio company of Rotunda Capital Partners. The transaction closed on July 29, 2016. Capital Southwest is the sole administrative agent and investor in the first lien facility.

Amware Logistics provides B2B and B2C third-party logistics and order fulfillment services for a wide variety of industries throughout North America. Amware operates over 2 million square feet of warehouse space through nine facilities located across the United States.

"We are pleased to have the opportunity to partner with Amware and Rotunda Capital Partners on this opportunity," said Josh Weinstein, Principal of Capital Southwest. "Amware's geographic scope and scale allow its customers' products to reach 98% of the United States in three days or less. We were impressed with management's strong operational focus and the depth and longevity of Amware's relationships with its customers over the years."

"Amware represents an excellent example of a target investment for our lower middle market investment strategy; a company with a strong competitive position, a management team and sponsor with a demonstrated track record of value creation and a conservative capital structure with substantial equity support," added Bowen S. Diehl, Chief Executive Officer of Capital Southwest.

Livingstone Partners served as the sole financial advisor to Amware for the transaction.

Capital Southwest Corporation is a Dallas, Texas-based publicly traded business development company, with approximately $273 million in net assets as of March 31, 2016. On September 30, 2015, Capital Southwest completed the spin-off to shareholders of its industrial businesses, CSW Industrials, Inc.Capital Southwest is a middle market lender focused on supporting the acquisition and growth of middle-market businesses with investments from $5 million to $20 million across the capital structure, including first lien, unitranche, second lien and subordinated debt, as well as non-control equity co-investments.

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