Oxford Square Capital Corp. Prices Public Offering of $65 Million 7.75% Notes Due 2030
Oxford Square Capital Corp. (NASDAQ:OXSQ) has announced the pricing of a $65 million public offering of unsecured notes due 2030. The notes will carry a 7.75% interest rate, payable quarterly, and will mature on July 31, 2030. The company has also granted underwriters an option to purchase an additional $9.75 million in notes.
The notes, expected to trade under symbol "OXSQH", will be redeemable after July 31, 2027. The offering is anticipated to close on August 7, 2025. Proceeds will be used to repay existing debt, make new investments aligned with the company's objectives, and for general corporate purposes. Lucid Capital Markets and Piper Sandler are serving as joint book-running managers for the offering.
Oxford Square Capital Corp. (NASDAQ:OXSQ) ha annunciato il prezzo di un'offerta pubblica da 65 milioni di dollari di obbligazioni non garantite con scadenza 2030. Le obbligazioni avranno un tasso d'interesse del 7,75%, pagabile trimestralmente, e scadranno il 31 luglio 2030. La società ha inoltre concesso agli underwriter un'opzione per acquistare ulteriori 9,75 milioni di dollari in obbligazioni.
Le obbligazioni, che dovrebbero essere negoziate con il simbolo "OXSQH", potranno essere rimborsate dopo il 31 luglio 2027. Si prevede che l'offerta si concluda il 7 agosto 2025. I proventi saranno utilizzati per rimborsare debiti esistenti, effettuare nuovi investimenti in linea con gli obiettivi aziendali e per scopi societari generali. Lucid Capital Markets e Piper Sandler agiscono come joint book-running managers dell'offerta.
Oxford Square Capital Corp. (NASDAQ:OXSQ) ha anunciado el precio de una oferta pública de 65 millones de dólares de notas no garantizadas con vencimiento en 2030. Las notas tendrán una tasa de interés del 7,75%, pagadera trimestralmente, y vencerán el 31 de julio de 2030. La compañía también ha otorgado a los suscriptores una opción para comprar 9,75 millones de dólares adicionales en notas.
Se espera que las notas se negocien bajo el símbolo "OXSQH" y serán redimibles después del 31 de julio de 2027. Se anticipa que la oferta cierre el 7 de agosto de 2025. Los ingresos se utilizarán para pagar deuda existente, realizar nuevas inversiones alineadas con los objetivos de la empresa y para propósitos corporativos generales. Lucid Capital Markets y Piper Sandler actúan como gestores conjuntos del libro de la oferta.
Oxford Square Capital Corp. (NASDAQ:OXSQ)는 2030년 만기 무담보 채권 6,500만 달러 공모의 가격을 발표했습니다. 이 채권은 7.75%의 이자율로 분기별 지급되며, 2030년 7월 31일에 만기됩니다. 회사는 또한 인수인들에게 추가로 975만 달러 상당의 채권을 구매할 수 있는 옵션을 부여했습니다.
이 채권은 "OXSQH"라는 심볼로 거래될 예정이며, 2027년 7월 31일 이후에 상환 가능합니다. 공모는 2025년 8월 7일에 마감될 것으로 예상됩니다. 수익금은 기존 부채 상환, 회사 목표에 부합하는 신규 투자 및 일반 기업 목적에 사용될 예정입니다. Lucid Capital Markets와 Piper Sandler가 공동 주관사로 참여합니다.
Oxford Square Capital Corp. (NASDAQ:OXSQ) a annoncé le prix d'une offre publique de 65 millions de dollars d'obligations non garanties arrivant à échéance en 2030. Les obligations porteront un taux d'intérêt de 7,75%, payable trimestriellement, et arriveront à échéance le 31 juillet 2030. La société a également accordé aux souscripteurs une option d'achat supplémentaire de 9,75 millions de dollars d'obligations.
Les obligations, qui devraient être négociées sous le symbole "OXSQH", seront rachetables après le 31 juillet 2027. La clôture de l'offre est prévue pour le 7 août 2025. Les fonds seront utilisés pour rembourser la dette existante, réaliser de nouveaux investissements conformes aux objectifs de l'entreprise et pour des besoins généraux de la société. Lucid Capital Markets et Piper Sandler agissent en tant que gestionnaires conjoints de l'offre.
Oxford Square Capital Corp. (NASDAQ:OXSQ) hat die Preisfestsetzung für ein 65 Millionen US-Dollar öffentliches Angebot von ungesicherten Schuldverschreibungen mit Fälligkeit 2030 bekanntgegeben. Die Schuldverschreibungen tragen einen Zinssatz von 7,75%, zahlbar vierteljährlich, und laufen am 31. Juli 2030 ab. Das Unternehmen hat den Underwritern zudem eine Option eingeräumt, zusätzliche 9,75 Millionen US-Dollar an Schuldverschreibungen zu erwerben.
Die Schuldverschreibungen, die voraussichtlich unter dem Symbol "OXSQH" gehandelt werden, sind nach dem 31. Juli 2027 rückzahlbar. Der Abschluss des Angebots wird für den 7. August 2025 erwartet. Die Erlöse werden zur Rückzahlung bestehender Schulden, für neue Investitionen im Einklang mit den Unternehmenszielen sowie für allgemeine Unternehmenszwecke verwendet. Lucid Capital Markets und Piper Sandler fungieren als gemeinsame Bookrunner des Angebots.
- New notes offer fixed income stream with 7.75% interest rate payable quarterly
- Additional capital raising flexibility with $9.75M overallotment option
- Debt maturity extended to 2030, improving long-term capital structure
- Notes will be listed on NASDAQ, providing liquidity for investors
- Additional debt burden of $65M (potentially $74.75M) increases leverage
- 7.75% interest rate represents significant ongoing interest expense
- Early redemption not available until July 31, 2027
Insights
Oxford Square's $65M note offering at 7.75% strengthens its capital structure but increases interest burden through 2030.
Oxford Square Capital Corp. has structured a
The
The structure includes flexibility through a redemption option after July 31, 2027, giving management the ability to refinance if interest rates decline significantly. The underwriters' option for an additional
The stated use of proceeds - debt repayment, new investments, and general corporate purposes - suggests a balanced approach between deleveraging and growth. The debt repayment component is particularly notable as it likely represents a liability management strategy to replace existing higher-cost or near-maturity debt.
This offering adds to Oxford Square's existing notes (evidenced by the multiple trading symbols mentioned), indicating an ongoing strategy of using fixed-income securities as a capital source. The planned NASDAQ listing under symbol OXSQH will provide liquidity for these notes, making them more attractive to institutional investors.
GREENWICH, Conn., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQZ) (the “Company”) today announced that it has priced an underwritten public offering of
The offering is expected to close on August 7, 2025, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional
The Company intends to use the net proceeds from this offering to repay indebtedness, acquire investments in accordance with our investment objective and strategies described in this prospectus supplement and for general corporate purposes.
Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.
A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC at 570 Lexington Ave, 40th Floor, New York, NY 10022, at telephone number (646) 362-0256, or via email at: Prospectus@lucidcm.com; and Piper Sandler & Co., 350 North 5th Street, Suite 1300, Minneapolis, MN 55402, Attention: Prospectus Department, or by telephone at (800) 747-3924, or by email at prospectus@psc.com. The preliminary prospectus supplement, dated July 31, 2025, and accompanying prospectus, dated September 26, 2022, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.
About Oxford Square Capital Corp.
Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (“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 the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.
Contact:
Bruce Rubin
203-983-5280
FAQ
What is the size and interest rate of OXSQ's new notes offering?
When will OXSQ's new notes mature and when can they be redeemed?
How will OXSQ use the proceeds from the notes offering?
What is the payment schedule for OXSQ's new notes?
When will OXSQ's new notes begin trading and under what symbol?
