Oxford Square Capital announces $65 million note offering due 2030

Published 01/08/2025, 21:26
Oxford Square Capital announces $65 million note offering due 2030

Oxford Square Capital Corp. (NASDAQ:OXSQ), a business development company with a market capitalization of $175 million and an impressive 18% dividend yield according to InvestingPro, reported Thursday that it has entered into an underwriting agreement for the issuance and sale of $65 million in aggregate principal amount of 7.75% notes due 2030. The agreement was made with Lucid (NASDAQ:LCID) Capital Markets, LLC, acting as the representative of the underwriters. The underwriters have an option to purchase up to an additional $9.75 million in aggregate principal amount of notes. InvestingPro data shows the company maintains strong liquidity with a current ratio of 3.21, though it currently carries $123.75 million in total debt.

The closing of the offering is expected to occur on August 7, subject to customary closing conditions. The notes will be issued under the company’s effective shelf registration statement on Form N-2, as supplemented by a preliminary and final prospectus supplement, both dated July 31.

Oxford Square Capital stated that this announcement does not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction where such an offer or sale would be unlawful prior to registration or qualification under applicable securities laws.

The information is based on a statement from the company’s Form 8-K filing with the Securities and Exchange Commission.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.