Oxford Lane Capital Corp. Commences Public Offering of Common Stock
(firmenpresse) - GREENWICH, CT -- (Marketwired) -- 06/03/15 -- Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) (NASDAQ: OXLCP) (NASDAQ: OXLCO) (NASDAQ: OXLCN) today announced that it has commenced an underwritten public offering of 2,250,000 shares of its common stock. In connection with the proposed offering, the Company plans to grant the underwriters a 30-day option to purchase up to an additional 337,500 shares of common stock.
Deutsche Bank Securities Inc. and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS), are acting as the joint bookrunning managers for the offering. Maxim Group LLC and National Securities Corporation are acting as co-managers for the offering.
The Company plans to use the net proceeds of this offering for acquiring investments and/or for general working capital purposes, which may include the payment of operating expenses, including advisory and administrative fees and expenses.
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.
Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It currently seeks to achieve its investment objective of maximizing total return by investing in securitization vehicles which, in turn, primarily invest in senior secured loans made to companies whose debt is unrated or is rated below investment grade.
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions, including statements with regard to the anticipated use of the net proceeds of the Company''s securities offering. Any statements that are not statements of historical fact (including statements containing the words "believes," "intends," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. 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 our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, unless required to do so by law.
Contact:
Bruce Rubin
203-983-5280
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Datum: 03.06.2015 - 14:14 Uhr
Sprache: Deutsch
News-ID 1363597
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