Oxford Lane Capital Corp. Announces Full Redemption of 5.00% Notes Due 2027
Interest on the called notes will stop on the redemption date, even though the notes were due in 2027.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Oxford Lane Capital (OXLC) has called all its remaining notes for redemption on December 4, 2026. The redemption covers $40,000,000 in principal of its 5.00% Notes due 2027, traded as OXLCZ. Holders will receive $25 per Note plus accrued and unpaid interest from September 30, 2026 to, but not including, the redemption date. The notes will subsequently be delisted from the Nasdaq Global Select Market.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate point. Forward-looking: it has not happened yet and may not happen.Planned redemption will retire $40,000,000 in outstanding 5.00% Notes due 2027 on December 4, 2026. 6.3% of market cap
Negative
- None.
News Explained
After the scheduled
Key Figures
- Principal redeemed
- $40,000,000
- Aggregate principal of all outstanding 5.00% Notes due 2027
- Redemption price
- $25 per Note
- Plus accrued and unpaid interest
- Note interest rate
- 5.00%
- Notes due 2027
- Redemption date
- December 4, 2026
- Full redemption and subsequent delisting
Historical Context
-
Prior partial redemption of the same 5.00% 2027 Notes covered $30 million.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
GREENWICH, Conn., Nov. 04, 2026 (GLOBE NEWSWIRE) -- Oxford Lane Capital Corp. (NasdaqGS: OXLC, OXLCL, OXLCO, OXLCZ, OXLCN, OXLCI, OXLCG and OXLCM) (the “Company,” “we,” “us” or “our”) announced today that it has called for the redemption of all of the Company’s remaining issued and outstanding
The Notes are held in book-entry form through The Depository Trust Company (“DTC”) and will be redeemed in accordance with the procedures of DTC. Holders of the Notes will not be entitled to receive interest on those Notes on or after the Redemption Date. Following redemption, the sole remaining right of holders of the Notes shall be to receive payment of the Redemption Payment upon presentation and surrender of such Notes to the Trustee in its capacity as paying agent.
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company principally investing in debt and equity tranches of CLO vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.
Forward-Looking Statements
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, except as may be required by law.
Contact:
Bruce Rubin
203-983-5280
Source: Oxford Lane Capital Corp.
FAQ
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