Oxford Lane Capital Prices Preferred Stock Offering

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Oxford Lane Capital ( OXLC ), a closed-end management investment company, said pre-market Wednesday it has priced an underwritten public offering of 2.5 million shares of its newly designated 6.75% series 2024 term preferred shares at $25 each, raising $62.5 million in gross proceeds.

The company has also granted the underwriters a 30-day option to purchase up to 375,000 additional shares of preferred stock on the same terms and conditions to cover any over-allotments. The closing is expected on June 14.

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This article appears in: Investing , ETFs
Referenced Symbols: OXLC

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