Oxford Lane Capital prices $35.78 million preferred stock offering
OXLC•Oxford Lane Capital priced 1,440,000 additional 8.25% Series 2031 Term Preferred Shares at $24.85 each, for gross proceeds of $35.78 million. Net proceeds will repay debt and/or fund working capital.
1. Offering details
Oxford Lane Capital priced 1,440,000 additional 8.25% Series 2031 Term Preferred Shares at $24.85 each, for gross proceeds of $35.78 million. Net proceeds will be used to repay outstanding indebtedness and/or fund general working capital. Underwriters have a 30-day option to purchase up to 216,000 more shares on the same terms to cover over-allotments.
2. Expected closing
Delivery is expected on October 23, 2026, subject to customary closing conditions. The issuance will bring the total number of shares outstanding in the series to 4,200,000.
