Chicago, Jan. 5 – Oxford Lane Capital Corp. sold $87 million of 5% notes due Jan. 31, 2027 in a public offer, according to a press release.
There is a greenshoe option for the underwriters for an additional $13 million of notes.
The notes have two years of call protection.
The $25-par notes are expected to be listed on the Nasdaq Global Select Market and trade under the symbol “OXLCZ.”
Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc. and William Blair & Co., LLC are joint bookrunners for the offering and InspereX LLC and Wedbush Securities Inc. are acting as lead managers for the offering.
Proceeds will be used to acquire investments in accordance with its investment objective and strategies and/or general working capital purposes.
Oxford Lane is a Greenwich, Conn.-based closed-end management investment company.
| Issuer: | Oxford Lane Capital Corp.
|
| Amount: | $87 million
|
| Greenshoe: | $13 million
|
| Issue: | Notes
|
| Maturity: | Jan. 31, 2027
|
| Bookrunners: | Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc. and William Blair & Co., LLC
|
| Co-managers: | InspereX LLC and Wedbush Securities Inc.
|
| Coupon: | 5%
|
| Call features: | In whole or in part after Jan. 31, 2024
|
| Trade date: | Jan. 5
|
| Settlement date: | Jan. 13
|
| Distribution: | SEC registered
|
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