Oxford Square Capital to price $25-par notes due 2028

By Marisa Wong

Los Angeles, May 13 – Oxford Square Capital Corp. plans to price $25-par notes due 2028 (Egan-Jones: BBB), according to a 424B5 filing with the Securities and Exchange Commission.

The deal will include a 30-day greenshoe.

Ladenburg Thalmann & Co. Inc., B. Riley Securities, Inc. and William Blair & Co. LLC are the joint bookrunners, and Compass Point Research & Trading, LLC, Incapital LLC and National Securities Corp. are the lead managers.

Interest will be payable on Jan. 31, April 30, July 31 and Oct. 31 of each year, beginning on July 31, 2021.

The notes will be callable in whole or in part at par at any time beginning May 31, 2024.

The company intends to list the notes on the Nasdaq Global Select Market under the symbol “OXSQG.”

Proceeds will be used mainly to fund investments in debt securities and CLO investments as well as for other general corporate purposes.

The closed-end, non-diversified management investment company is based in Greenwich, Conn.

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