Oxford Lane to redeem 7.5% series 2023 preferred shares

Chicago, March 9 – Oxford Lane Capital Corp. announced that it plans to use the proceeds from a new offering of $25-par notes to either fully or partially redeem its $57 million outstanding 7.5% series 2023 term referred shares, according to a press release.

The company sold an $87 million offering of new 6.75% $25-par notes on Tuesday.

Oxford Lane is a Greenwich, Conn.-based closed-end management investment company.

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