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Oxford Lane Capital Corp. Announces Offering of Notes and BBB Investment Grade Rating of the Notes by Egan-Jones Ratings Company
GREENWICH, Conn., March 09, 2021 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (the “Company”) (NasdaqGS: OXLC, OXLCO, OXLCM and OXLCP) today announced the commencement of a registered public offering of Notes (the “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 Company also announced that the Notes received an investment grade rating of “BBB” from Egan-Jones Ratings Company (“Egan-Jones”), an independent, unaffiliated rating agency. Egan-Jones is a Nationally Recognized Statistical Rating Organization (NRSRO) and is recognized by...
GREENWICH, Conn., March 05, 2021 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC) (NasdaqGS: OXLCO) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) today announced the following net asset value (“NAV”) estimate as of February 28, 2021. Management’s unaudited estimate of the range of the NAV per share of our common stock as of February 28, 2021 is between $5.94 and $6.04. This estimate is not a comprehensive statement of our financial condition or results for the month ended February 28, 2021. This estimate did not undergo the Company’s typical quarter-end financial closing procedures and was not approved by the Company’s board of directors. We advise you that our NAV per share for the quarter ending March 31, 2021 may differ materially from this estimate, which is given only as of Feb...