10:46 AM EST, 02/20/2025 (MT Newswires) -- Oxford Lane Capital ( OXLC ) said Thursday it has priced a public offering of $165 million in 7.95% unsecured notes due 2032.

The notes will mature on Feb. 29, 2032, and can be redeemed in whole or in part by the company starting Feb. 28, 2030. They will pay interest quarterly, beginning June 30, the company said.

The company also gave underwriters an option to buy an additional $24.75 million in notes. The notes will be listed on the NASDAQ Global Select Market under the symbol "OXLCG" within 30 days.

The offering is set to close on Feb. 27, pending customary conditions, the company said, adding that it plans to use the proceeds for investment acquisitions and general working capital.

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