Oxford Square Capital to Launch New Notes Offering Soon
Oxford Square Capital Corp. Plans New Notes Offering
Oxford Square Capital Corp. (NASDAQ: OXSQ) has announced an exciting development for its investors as the company prepares to commence a registered public offering of notes, referred to as the "Notes." The offering's pricing will be determined through negotiations with underwriters, signaling a significant move in the company’s financial strategy.
Details of the Offering
Under the terms of the offering, Oxford Square plans to allow underwriters a 30-day option to purchase additional Notes under the same conditions, potentially increasing the total amount available for investors. This flexibility may enhance investor confidence as they subscribe to the offering.
Expected Listing and Trading
Investors can expect that the Notes will be listed on the NASDAQ Global Select Market and will begin trading within 30 days of the original issue date. This listing reflects the company's effort to ensure that investors have accessible trading options, further integrating them into the exchange.
Use of Proceeds from the Offering
The proceeds from the Notes offering are expected to serve multiple strategic purposes. Oxford Square intends to use the net proceeds primarily to repay existing indebtedness, aligning with its financial objectives. They also plan to reinvest in line with their investment strategy, aimed at enhancing overall growth opportunities within the sector.
Investment Management Team
Oxford Square Capital has engaged a seasoned team to manage this offering. Lucid Capital Markets, LLC, and Piper Sandler & Co. are appointed as the joint book-running managers for the offering. Supporting them are Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC, and William Blair & Company, L.L.C. as lead managers, showcasing a robust framework for managing investor interests.
About Oxford Square Capital Corp.
Oxford Square Capital Corp. operates as a publicly-traded business development company focusing primarily on syndicate bank loans while diversifying into debt and equity portions of collateralized loan obligations (CLOs). Their investments may also comprise warehouse facilities designed to consolidate loans for CLO purposes, enhancing their investment stability and reducing risks.
Contact Information
For inquiries regarding the offering or further details about the investment strategy, investors can reach out to Bruce Rubin at 203-983-5280. This direct line of communication ensures that potential investors can receive the most up-to-date insights.
Frequently Asked Questions
What type of notes is Oxford Square Capital offering?
The company is offering a public offering of notes, known as "Notes," through negotiations with underwriters.
How will the proceeds be utilized?
A significant portion will be allocated to repaying debt, alongside opportunities for new investments aligned with company strategy.
When will the notes be available for trading?
The Notes are expected to start trading within 30 days on the NASDAQ Global Select Market.
Who is managing this offering?
Lucid Capital Markets, LLC and Piper Sandler & Co. are the joint book-running managers, supported by several lead managers.
What is the focus of Oxford Square Capital's investments?
The company primarily invests in syndicated bank loans and collateralized loan obligations (CLO), focusing on enhancing growth and financial stability.
About The Author
Contact Hannah Lewis privately here. Or send an email with ATTN: Hannah Lewis as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
