Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Wednesday, December 11, 7:16 PM
Slide #375. Oxford Lane Capital Corp. — Preferred Stock Offering
| Company: |
Oxford Lane Capital Corp. (NASDAQ:OXLC) |
| Date announced: |
6/18/2015 |
| Security type: |
7.50% Series 2023 Term Preferred Shares (NASDAQ:OXLCO) |
| Shares Offered: |
1,224,490 |
| Date of Pricing: |
6/18/2015 |
| Price Per Share: |
$24.50 |
| Preferred Stock Offering Details: |
Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) (NASDAQ: OXLCP) (NASDAQ: OXLCO) (NASDAQ: OXLCN) today announced that it plans to offer additional shares of its 7.50% Series 2023 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 Preferred Stock is listed on the NASDAQ Global Select Market under the symbol "OXLCO." - updated 6/18 - Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) (NASDAQ: OXLCP) (NASDAQ: OXLCO) (NASDAQ: OXLCN) today announced that it has priced an underwritten public offering of 1,224,490 shares of its 7.50% Series 2023 Term Preferred Shares (the "Preferred Stock") at a public offering price of $24.50 per share, raising $30.0 million in gross proceeds. The Company has also granted the underwriters a 30-day option to purchase up to 183,673 additional shares of Preferred Stock on the same terms and conditions to cover over-allotments, if any. The closing of the transaction is subject to customary closing conditions and the shares are expected to be delivered on June 23, 2015. The Preferred Stock is listed on the NASDAQ Global Select Market under the symbol "OXLCO." |
Oxford Lane Capital is a closed-end management investment company. The Fund's investment objective is to maximize its portfolio's risk adjusted total return, and seeks to achieve its investment objective by investing in structured finance investments, specifically the equity and junior debt tranches of collateralized loan obligation vehicles, which are collateralized primarily by a diverse portfolio of Senior Loans, and which generally have very little or no exposure to real estate loans, or mortgage loans or to pools of consumer-based debt, such as credit card receivables or auto loans.
Preferreds: OXLCM, OXLCP, OXLCO, OXLCN
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