Reported Earlier, Oxford Lane Capital Raises $100M Via Public Offering Of 8.75% Notes Due 2030 To Acquire Investments
Portfolio Pulse from Benzinga Newsdesk
Oxford Lane Capital Corp. (NASDAQ:OXLC) has announced a $100 million public offering of 8.75% unsecured notes due 2030. The proceeds will be used to acquire investments and for general working capital. The notes will be listed on NASDAQ under the symbol 'OXLCI'.
June 28, 2024 | 7:00 am
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Oxford Lane Capital Corp. has raised $100 million through a public offering of 8.75% unsecured notes due 2030. The funds will be used to acquire investments and for general working capital.
The successful raising of $100 million will provide Oxford Lane Capital with additional capital to pursue its investment strategies, which could positively impact its financial performance and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Oxford Lane Capital Corp. has raised $100 million through a public offering of 8.75% unsecured notes due 2030. The funds will be used to acquire investments and for general working capital.
The additional capital raised will benefit all securities under Oxford Lane Capital, including OXLCL, by enhancing the company's investment capabilities and financial stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oxford Lane Capital Corp. has raised $100 million through a public offering of 8.75% unsecured notes due 2030. The funds will be used to acquire investments and for general working capital.
The additional capital raised will benefit all securities under Oxford Lane Capital, including OXLCM, by enhancing the company's investment capabilities and financial stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oxford Lane Capital Corp. has raised $100 million through a public offering of 8.75% unsecured notes due 2030. The funds will be used to acquire investments and for general working capital.
The additional capital raised will benefit all securities under Oxford Lane Capital, including OXLCN, by enhancing the company's investment capabilities and financial stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oxford Lane Capital Corp. has raised $100 million through a public offering of 8.75% unsecured notes due 2030. The funds will be used to acquire investments and for general working capital.
The additional capital raised will benefit all securities under Oxford Lane Capital, including OXLCO, by enhancing the company's investment capabilities and financial stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oxford Lane Capital Corp. has raised $100 million through a public offering of 8.75% unsecured notes due 2030. The funds will be used to acquire investments and for general working capital.
The additional capital raised will benefit all securities under Oxford Lane Capital, including OXLCP, by enhancing the company's investment capabilities and financial stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oxford Lane Capital Corp. has raised $100 million through a public offering of 8.75% unsecured notes due 2030. The funds will be used to acquire investments and for general working capital.
The additional capital raised will benefit all securities under Oxford Lane Capital, including OXLCZ, by enhancing the company's investment capabilities and financial stability.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50