09:23 AM EST, 02/19/2025 (MT Newswires) -- Oxford Lane Capital ( OXLC ) said Wednesday it launched a public offering of notes, with the price and other terms yet to be determined.

The company said it also intends to give the underwriters a 30-day option to buy more notes to cover any overallotments.

The net proceeds are expected to be used to acquire investments and for general working capital, Oxford Lane Capital ( OXLC ) said.