Oxford Lane Capital Corp. Prices Preferred Stock Offering

June 18, 2015 – GREENWICH, CT — (Marketwired)  – 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.”

Maxim Group acted as a co-manager for Oxford Lane Corporation’s $30 million preferred stock offering.


This entry was posted in Uncategorized. Bookmark the permalink.