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Oxford Lane Capital Corp. Announces Preferred Stock Offering
Globenewswire· 2026-03-12 12:30
Core Viewpoint - Oxford Lane Capital Corp. plans to offer shares of its newly designated Series 2031 Term Preferred Shares in an underwritten public offering, with pricing and terms to be determined through negotiations with underwriters [1][2] Group 1: Offering Details - The Preferred Stock is expected to be listed on the NASDAQ Global Select Market and to begin trading within 30 days of the original issue date [2] - The net proceeds from the offering are intended to be used for repaying outstanding indebtedness and/or for general working capital purposes [2] - The underwriters for the offering include Lucid Capital Markets, LLC and Piper Sandler & Co. as joint book-running managers, with Clear Street LLC, InspereX LLC, and William Blair & Company, L.L.C. acting as lead managers [2] Group 2: Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles [5]