Oxford Lane Capital Corp. announces a public offering of 2.4 million shares of 8.25% Series 2031 Preferred Stock, raising $60 million.
Quiver AI Summary
Oxford Lane Capital Corp. announced the pricing of an underwritten public offering of 2,400,000 shares of its newly designated 8.25% Series 2031 Term Preferred Shares at $25 per share, raising $60 million in gross proceeds. The underwriters have a 30-day option to purchase up to 360,000 additional shares for over-allotments. The transaction is subject to customary closing conditions, with shares expected to be delivered by March 20, 2026. The company plans to use the proceeds to repay existing debt and for general working capital. The Preferred Stock is set to be listed on the NASDAQ Global Select Market, with trading anticipated to begin within 30 days after the closing date. Lucid Capital Markets, LLC and Piper Sandler & Co. are the joint book-running managers for the offering.
Potential Positives
- Oxford Lane Capital Corp. successfully priced an underwritten public offering of 2,400,000 shares of 8.25% Series 2031 Term Preferred Shares, raising $60,000,000 in gross proceeds, which will enhance its capital structure.
- The company is expected to use the net proceeds to repay outstanding indebtedness, potentially strengthening its financial stability and reducing interest expenses.
- The Preferred Stock is set to be listed on the NASDAQ Global Select Market, increasing visibility and potential attractiveness to investors.
Potential Negatives
- The company is raising capital through a preferred stock offering, which may indicate a need to address existing debt or financial challenges.
- The necessity to repurchase outstanding indebtedness, including existing preferred stock or unsecured notes, raises concerns about the company's financial stability and liquidity.
- The issuance of new preferred shares may dilute the value of existing shares and affect current shareholders negatively.
FAQ
What is the preferred stock offering by Oxford Lane Capital Corp.?
Oxford Lane Capital Corp. is offering 2,400,000 shares of 8.25% Series 2031 Term Preferred Shares at $25 per share.
How much money is Oxford Lane Capital aiming to raise?
The company aims to raise $60,000,000 in gross proceeds from this public offering.
When will the shares of preferred stock be delivered?
The shares are expected to be delivered on March 20, 2026, following customary closing conditions.
Who are the underwriters for the offering?
Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering.
What will the proceeds be used for?
The proceeds will be used to repay outstanding indebtedness and for general working capital purposes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OXLCO Hedge Fund Activity
We have seen 2 institutional investors add shares of $OXLCO stock to their portfolio, and 0 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KARPUS MANAGEMENT, INC. added 516,391 shares (+inf%) to their portfolio in Q4 2025, for an estimated $12,086,028
- NBC SECURITIES, INC. added 3,267 shares (+inf%) to their portfolio in Q4 2025, for an estimated $76,463
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GREENWICH, Conn., March 13, 2026 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (Nasdaq GS: OXLC, OXLCP, OXLCL, OXLCO, OXLCZ, OXLCN, OXLCI and OXLCG) (the “Company”) today announced that it has priced an underwritten public offering of 2,400,000 shares of its newly designated 8.25% Series 2031 Term Preferred Shares (the “Preferred Stock”) at a public offering price of $25 per share, raising $60,000,000 in gross proceeds. The Company has also granted the underwriters a 30-day option to purchase up to 360,000 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 March 20, 2026. 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 March 20, 2026.
The Company expects to use the net proceeds from this offering to repay outstanding indebtedness (which may include our existing preferred stock or unsecured notes) and/or for general working capital purposes.
Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering, Clear Street LLC, InspereX LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering and Wedbush Securities Inc. is acting as co-manager 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 the Securities and Exchange Commission and is effective. 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: Lucid Capital Markets, LLC, 570 Lexington Ave, 40th Floor, New York, NY 10022 or by telephone number (646) 362-0256; Piper Sandler & Co., Attn: Debt Capital Markets, 1251 Avenue of the Americas, 6th Floor, New York, NY 10020 or by e-mailing [email protected]. The preliminary prospectus supplement, dated March 12 , 2026, and accompanying prospectus, dated November 8, 2024, 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 collateralized loan obligation (“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, including statements with regard to the anticipated use of the net proceeds of the Company’s offering of the Preferred Stock. 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. 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 Rubin
203-983-5280
