Oxford Square Capital Corp. priced a $65 million offering of 7.75% unsecured notes due 2030, closing August 7, 2025.
Quiver AI Summary
Oxford Square Capital Corp. announced the pricing of an underwritten public offering of $65 million in unsecured notes with a 7.75% interest rate, maturing on July 31, 2030. The notes can be redeemed from July 31, 2027, and will provide quarterly interest payments starting October 31, 2025. The offering is set to close on August 7, 2025, pending customary conditions, and there is an option for underwriters to purchase an additional $9.75 million of notes. The proceeds will primarily be used to repay debts, invest in line with the company’s strategies, and for general corporate purposes. The notes will be listed on NASDAQ under the symbol “OXSQH.” This press release also includes forward-looking statements about the company’s future performance.
Potential Positives
- Oxford Square Capital Corp. has successfully priced an underwritten public offering of $65 million in unsecured notes, which indicates strong interest and confidence from investors.
- The notes offer a competitive interest rate of 7.75% per year, which could enhance the company's ability to attract investors seeking income-generating securities.
- The proceeds from the offering are intended for debt repayment and investment acquisition, which aligns with the company's investment objectives and could improve its financial position and growth potential.
- The notes are expected to be listed on the NASDAQ Global Select Market, increasing visibility and accessibility for investors.
Potential Negatives
- The company is increasing its debt load by offering $65 million in unsecured notes, which may raise concerns about its financial leverage and ability to manage additional liabilities.
- The offering is aimed at repaying existing indebtedness, which could indicate current financial strain or difficulties in meeting existing obligations.
- The high interest rate of 7.75% on the notes may reflect either a higher risk profile for the company or unfavorable market conditions, potentially signaling investor caution.
FAQ
What is the total amount of notes being offered by Oxford Square Capital Corp?
The company has announced an underwritten public offering of $65 million in aggregate principal amount of notes.
When do the notes mature?
The notes will mature on July 31, 2030.
What is the interest rate on the newly issued notes?
The notes will bear interest at a rate of 7.75% per year, payable quarterly.
Who is managing the offering for the notes?
Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers.
What will the proceeds from the offering be used for?
The net proceeds will be used to repay indebtedness, acquire investments, and for general corporate 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.
$OXSQ Hedge Fund Activity
We have seen 28 institutional investors add shares of $OXSQ stock to their portfolio, and 20 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 121,964 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $318,326
- TWO SIGMA INVESTMENTS, LP added 76,373 shares (+9.7%) to their portfolio in Q1 2025, for an estimated $199,333
- ETHOS FINANCIAL GROUP, LLC added 47,091 shares (+inf%) to their portfolio in Q1 2025, for an estimated $122,907
- BREVAN HOWARD CAPITAL MANAGEMENT LP added 29,052 shares (+inf%) to their portfolio in Q1 2025, for an estimated $75,825
- MILLENNIUM MANAGEMENT LLC removed 28,030 shares (-19.7%) from their portfolio in Q1 2025, for an estimated $73,158
- OXFORD ASSET MANAGEMENT LLP removed 27,745 shares (-45.9%) from their portfolio in Q1 2025, for an estimated $72,414
- UBS GROUP AG removed 25,870 shares (-36.5%) from their portfolio in Q1 2025, for an estimated $67,520
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GREENWICH, Conn., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQZ) (the “Company”) today announced that it has priced an underwritten public offering of $65 million in aggregate principal amount of 7.75% unsecured notes due 2030. The notes will mature on July 31, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after July 31, 2027. The notes will bear interest at a rate of 7.75% per year payable quarterly on January 31, April 30, July 31, and October 31 of each year, commencing October 31, 2025.
The offering is expected to close on August 7, 2025, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional $9.75 million in aggregate principal amount of notes. The notes are expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date under the trading symbol “OXSQH”.
The Company intends to use the net proceeds from this offering to repay indebtedness, acquire investments in accordance with our investment objective and strategies described in this prospectus supplement and for general corporate purposes.
Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. 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 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 at 570 Lexington Ave, 40th Floor, New York, NY 10022, at telephone number (646) 362-0256, or via email at: [email protected]; and Piper Sandler & Co., 350 North 5th Street, Suite 1300, Minneapolis, MN 55402, Attention: Prospectus Department, or by telephone at (800) 747-3924, or by email at [email protected]. The preliminary prospectus supplement, dated July 31, 2025, and accompanying prospectus, dated September 26, 2022, 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 Square Capital Corp.
Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, 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. 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 the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.
Contact:
Bruce Rubin
203-983-5280
