04:24 AM EDT, 06/28/2024 (MT Newswires) -- Oxford Lane Capital ( OXLC ) said late Thursday it priced an underwritten public offering of $100 million in 8.75% unsecured notes due 2030.

The offering is expected to close on July 8, subject to customary conditions. The underwriters have been granted an option to purchase up to $15 million worth of additional notes.

The company expects to use net proceeds for investments and for general working capital purposes.

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