Oxford Square Capital Corp. Launches New Notes Offering
Oxford Square Capital Corp. Launches New Notes Offering
Today, Oxford Square Capital Corp. (Nasdaq: OXSQ) has announced an exciting new public offering of notes. This initiative aims to secure financing through an attractive investment opportunity for potential buyers. The terms surrounding the public offering, including pricing, are expected to be decided through negotiations with professional underwriters involved with the offering.
Details of the Offering
The offering will allow Oxford Square Capital to both manage and expand its investment portfolio effectively. The notes are projected to be listed on the NASDAQ Global Select Market, facilitating trading activities within a month from the date of issue. This quick turnaround indicates the company's commitment to maintaining momentum in its investment strategy.
Purpose of the Proceeds
The funds raised through this offering will be pivotal for Oxford Square Capital. The company plans to allocate a portion of the proceeds towards repaying existing debts, alongside making new investments that align with its overall financial objectives and operational strategies. This approach reflects their commitment to sustainable growth while ensuring that financial obligations are managed prudently.
Management Team Behind the Offering
The undertaking is managed by Lucid Capital Markets, LLC and Piper Sandler & Co., who are appointed as the joint book-running managers. In addition, Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC, and William Blair & Company, L.L.C. are playing crucial roles as lead managers. Their expertise in navigating such financial offerings will likely drive positive outcomes for the company and its investors.
Investment Considerations
Investors are encouraged to closely examine any investment decisions concerning the notes. It is essential to consider the company's investment goals, risks associated with the offerings, and all incurred charges and expenses beforehand. Trained professionals can assist in interpreting these critical factors to ensure well-informed choices.
About Oxford Square Capital Corp.
Oxford Square Capital Corp. is recognized as a prominent business development company. Its primary focus is on investing in syndicated bank loans, with additional interests laid in debt and equity tranches of collateralized loan obligation (CLO) vehicles. These investments may encompass warehouse facilities, which are designed to aggregate loans that can eventually support the formation of CLO vehicles.
Frequently Asked Questions
What type of financial products is Oxford Square Capital offering?
The company is launching a public offering of notes, which are debt securities that investors can purchase.
How will the proceeds from the note offering be used?
Funds will be used to repay indebtedness, make investments, and finance general corporate purposes.
Who are the underwriters for the notes offering?
The offering is managed by Lucid Capital Markets, LLC and Piper Sandler & Co., along with several other lead managers.
When will the notes be available for trading?
The notes are expected to be listed on the NASDAQ Global Select Market and available for trading within 30 days of the original issuance.
What is the investment focus of Oxford Square Capital Corp.?
The company primarily invests in syndicated bank loans, CLO debt, and equity tranches, enhancing its diverse investment strategy.
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