Transaction Information
Oxford Lane Capital Corp. (NASDAQ:OXLC) priced an underwritten public offering of $100,000,000 in aggregate principal amount of 8.75% unsecured notes maturing on June 30, 2030. The notes may be redeemed in whole or in part at any time or from time to time at the Company's option on or after June 30, 2028. The notes will bear interest at a rate of 8.75% per year payable quarterly on March 31, June 30, September 30, and December 31 of each year, commencing September 30, 2024.
The Company expects to use the net proceeds from this offering to acquire investments in accordance with its investment objective and strategies and for general working capital purposes.
Ladenburg Thalmann & Co. Inc. acted as co-manager for the offering.
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of collateralized loan obligation ("CLO") vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle. For more information, please visit www.oxfordlanecapital.com.
The information and material presented is provided for informational purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or buy any securities mentioned herein.