Oxford Lane Capital Corp. Announces Preferred Stock Offering
08 Junho 2022 - 8:19AM
Oxford Lane Capital Corp. (the “Company”) (Nasdaq GS: OXLC, OXLCM,
OXLCP, OXLCL, OXLCO and OXLCZ) today announced that it plans to
offer shares of its newly designated Series 2029 Term Preferred
Shares (the “Preferred Stock”) in an underwritten public offering.
The public offering price and other terms of the Preferred Stock
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 shares of Preferred Stock on
the same terms and conditions to cover over-allotments, if any.
The Company has applied to list the Preferred
Stock on the NASDAQ Global Select Market and expects trading to
commence thereon within 30 days after the date of initial delivery
of the Preferred Stock.
The Company expects to use the net proceeds from
this offering to acquire investments in accordance with its
investment objective and strategies and/or general working capital
purposes.
Ladenburg Thalmann & Co. Inc., B. Riley
Securities, Inc. and William Blair & Company, L.L.C. are acting
as joint book-running managers for the offering and InspereX LLC
and Wedbush Securities Inc. are acting as lead 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 of the
Preferred Stock 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: Ladenburg
Thalmann, Attn: Syndicate Department, 640 Fifth Ave, 4th Floor, New
York, NY 10019, or by emailing prospectus@ladenburg.com (telephone
number 1-800-573-2541); B. Riley Securities, Inc., Attn: Prospectus
Department, 1300 17th Street North, Suite 1300, Arlington, VA 22209
or by e-mailing prospectuses@brileyfin.com (or by calling (800)
846-5050); and William Blair & Company, L.L.C., Attention:
Prospectus Department, 150 North Riverside Plaza, Chicago IL 60606,
or by telephone at 1-800-621-0687 or email at
prospectus@williamblair.com. The preliminary prospectus supplement,
dated June 8, 2022, and accompanying prospectus, dated June 1,
2020, 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 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. 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, including the impact of COVID-19 and
related changes in base interest rates and significant market
volatility on our business, our CLO investments, our industry and
the global economy, as well as the market volatility resulting from
the conflict between Russia and Ukraine and the sanctions and other
restrictive actions taken by the U.S. and other countries against
Russia, which could adversely affect our business, financial
condition or results of operations. 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)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Oxford Lane Capital (NASDAQ:OXLCZ)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024