Deutsche Bank, Ladenburg Thalmann, Maxim, National Securities assist
By Devika Patel
Knoxville, Tenn., June 4 – Oxford Lane Capital Corp. said it priced a $28.17 million public sale of stock with a $4.23 million greenshoe. The deal was announced Wednesday.
The company will sell 1.8 million common shares at $15.65 per share. The price per share is a 2.49% discount to the June 3 closing share price of $16.05.
Deutsche Bank Securities Inc. and Ladenburg Thalmann & Co. Inc. are the bookrunners.
Settlement is expected June 9.
Proceeds will be used for investments and/or general working capital purposes.
Oxford Lane is a Greenwich, Conn.-based closed-end management investment company.
| Issuer: | Oxford Lane Capital Corp.
|
| Issue: | Common stock
|
| Amount: | $28.17 million
|
| Greenshoe: | $4,225,500, or 270,000 shares
|
| Bookrunners: | Deutsche Bank Securities Inc., Ladenburg Thalmann & Co. Inc.
|
| Co-managers: | Maxim Group LLC, National Securities Corp.
|
| Shares: | 1.8 million
|
| Price: | $15.65
|
| Warrants: | No
|
| Announcement date: | June 3
|
| Pricing date: | June 4
|
| Settlement date: | June 9
|
| Stock symbol: | Nasdaq: OXLC
|
| Stock price: | $16.05 at close June 3
|
| Market capitalization: | $231.32 million
|
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