Oxford Lane Capital Corp. Announces Offering of Notes
2024年6月27日 - 5:04AM
Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCM)
(NasdaqGS: OXLCP) (NasdaqGS: OXLCL) (NasdaqGS: OXLCO) (NasdaqGS:
OXLCZ) (NasdaqGS: OXLCN) (the “Company”) today announced the
commencement of a registered public offering of notes (the
“Notes”). The public offering price and other terms of the Notes
are to be determined by negotiations between the Company and the
underwriters. The Company also plans to grant the underwriters a
30-day option to purchase additional Notes on the same terms and
conditions to cover over-allotments, if any.
The Notes are expected to be listed on the
NASDAQ Global Select Market and to trade thereon within 30 days of
the original issue date.
The Company expects to use the net proceeds from
this offering to acquire investments in accordance with its
investment objective and strategies and for general working capital
purposes.
Lucid Capital Markets, LLC and Piper Sandler
& Co. are acting as joint book-running managers for the
offering, InspereX LLC and William Blair & Company, L.L.C. are
acting as lead managers for the offering and Clear Street LLC and
Wedbush Securities Inc. are acting as co-managers for the
offering.
This press release does not constitute an offer
to sell or the solicitation of an offer to buy the securities in
this offering or any other securities nor will there be any sale of
these securities or any other securities referred to in this press
release in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of such state or
jurisdiction.
A shelf registration statement relating
to these securities is on file with and has been declared effective
by the Securities and Exchange Commission. The offering may be made
only by means of a prospectus and a related prospectus supplement,
copies of which may be obtained, when available, from the following
investment banks: Lucid Capital Markets, LLC, 570 Lexington Ave,
40th Floor, New York, NY 10022 or by telephone number (646)
362-0256; Piper Sandler & Co., Attn: Debt Capital Markets, 1251
Avenue of the Americas, 6th Floor, New York, NY 10020 or by
e-mailing fsg-dcm@psc.com. The preliminary prospectus supplement,
dated June 26, 2024, and accompanying prospectus, dated October 5,
2023, each of which has been filed with the Securities and Exchange
Commission, contain a description of these matters and other
important information about the Company and
should be read carefully before investing. Investors are advised to
carefully consider the investment objectives, risks and charges and
expenses of the Company before investing.
About Oxford Lane Capital
Corp.
Oxford Lane Capital Corp. is a publicly-traded
registered closed-end management investment company principally
investing in debt and equity tranches of collateralized loan
obligation (“CLO”) vehicles. CLO investments may also include
warehouse facilities, which are financing structures intended to
aggregate loans that may be used to form the basis of a CLO
vehicle.
Forward-Looking Statements
This press release contains forward-looking
statements subject to the inherent uncertainties in predicting
future results and conditions, including statements with regard to
the anticipated use of the net proceeds of the Company’s offering
of the Notes. Any statements that are not statements of historical
fact (including statements containing the words “believes,”
“plans,” “anticipates,” “expects,” “estimates” and similar
expressions) should also be considered to be forward-looking
statements. These statements are not guarantees of future
performance, conditions or results and involve a number of risks
and uncertainties. Certain factors could cause actual results
and conditions to differ materially from those projected in these
forward-looking statements. These factors are identified from time
to time in our filings with the Securities and Exchange Commission.
We undertake no obligation to update such statements to reflect
subsequent events, except as may be required by law.
Contact:
Bruce Rubin203-983-5280
Oxford Lane Capital (NASDAQ:OXLCZ)
過去 株価チャート
から 7 2024 まで 8 2024
Oxford Lane Capital (NASDAQ:OXLCZ)
過去 株価チャート
から 8 2023 まで 8 2024