Oxford Lane Capital Corp. Prices Preferred Stock Offering
Oxford Lane Capital priced a follow-on public offering of 1,440,000 additional 8.25% Series 2031 Term Preferred Shares at $24.85 per share, raising about $35.8 million gross. The new shares form a single series with the existing Series 2031 preferred, bringing pro forma preferred shares outstanding to 4,200,000; underwriters also hold a 30-day option on 216,000 more shares.
Key figures
- Deal Value Usd
- 35784000
- Offering Price
- 24.85
- Shares Offered
- 1440000
- Coupon
- 8.25%
- Series
- Series 2031 Term Preferred Shares
- Over allotment shares
- 216000
- Pro forma shares outstanding
- 4200000
AI analysis
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