Oxford Lane announces offering of notes

Oxford Lane (OXLC) Capital announced the commencement of a registered public offering of notes. The public offering price and other terms of the Notes 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 Notes on the same terms and conditions to cover over-allotments, if any. 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. The Company expects to use the net proceeds from this offering to acquire investments in accordance with its investment objective and strategies and for general working capital purposes. Lucid Capital Markets and Piper Sandler & Co. are acting as joint book-running managers for the offering, and Clear Street, InspereX, Janney Montgomery Scott and William Blair & Company are acting as lead managers for the offering.