By James McCandless
San Antonio, March 27 – Oxford Square Capital Corp. priced $42.5 million of $25-par seven-year notes (Egan-Jones: A-) at par on Wednesday, according to a press release.
There is a $6,375,000 greenshoe.
The deal was announced on Tuesday.
Ladenburg Thalmann & Co. Inc. and BB&T Capital Markets are the joint bookrunners.
Lead managers are B. Riley FBR, Inc. and Incapital LLC.
The notes are redeemable on or after April 30, 2022 at par.
Oxford Square plans to use the proceeds to primarily fund investments in debt securities and CLO investments in accordance with its investment objective and for other general corporate purposes.
The company plans to list the notes on the Nasdaq Global Select Market under the symbol “OXSQZ.”
Oxford Square is a Greenwich, Conn.-based closed-end, non-diversified management investment company.
| Issuer: | Oxford Square Capital Corp.
|
| Description: | Notes
|
| Amount: | $42.5 million
|
| Greenshoe: | $6,375,000
|
| Maturity: | April 30, 2026
|
| Bookrunners: | Ladenburg Thalmann & Co. Inc. and BB&T Capital Markets
|
| Lead managers: | B. Riley FBR, Inc. and Incapital LLC
|
| Co-manager: | National Securities Corp.
|
| Coupon: | 6.25%
|
| Price: | Par of $25.00
|
| Yield: | 6.25%
|
| Call: | On or after April 30, 2022 at par
|
| Pricing date: | March 27
|
| Settlement date: | April 3
|
| Rating: | Egan-Jones: A-
|
| Distribution: | SEC registered
|
| Listing: | Nasdaq: OXSQZ
|
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