Oxford Square to redeem $15M of 5.5% 2028 notes
Oxford Square Capital Corp. plans to redeem $15 million of its 5.50% Notes due 2028 at $25 per note plus accrued interest.
Rhea-AI Filing Summary
Oxford Square Capital Corp. (OXSQ) announced a partial redemption of its 5.50% Notes due 2028. The company has elected to redeem $15,000,000 in aggregate principal amount of these Notes, out of $80.5 million issued and outstanding, and has instructed the trustee to send a formal redemption notice to holders.
The company expects the redemption to occur on October 14, 2026, at a redemption price of $25 per Note plus accrued and unpaid interest from July 31, 2026 to, but excluding, the Redemption Date. This announcement itself does not constitute the official notice of redemption.
Positive
- $15,000,000 of 5.50% Notes due 2028 are expected to be redeemed, reducing this series of debt from $80.5 million outstanding.
- Redemption at $25 per Note plus accrued interest provides a defined exit price for holders of the affected 5.50% Notes due 2028.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Notes to be redeemed: $15,000,000 aggregate principal amount
Total 5.50% Notes due 2028 outstanding: $80.5 million
Coupon rate: 5.50%
+3 more
6 metrics
Notes to be redeemed
$15,000,000 aggregate principal amount
Portion of 5.50% Notes due 2028 elected for redemption
Total 5.50% Notes due 2028 outstanding
$80.5 million
Issued and outstanding 5.50% Notes due 2028 before redemption
Coupon rate
5.50%
Interest rate on the Notes being partially redeemed, due 2028
Redemption price per Note
$25 per Note
Price at which the 5.50% Notes due 2028 are expected to be redeemed, excluding interest
Interest accrual period for redemption
From July 31, 2026 to October 14, 2026 (exclusive)
Period over which accrued and unpaid interest will be paid on redeemed Notes
Redemption date
October 14, 2026
Expected date of redemption for the selected 5.50% Notes due 2028
Key Terms
aggregate principal amount, redemption price, indenture, forward-looking statements, +1 more
5 terms
aggregate principal amount financial
"election to redeem $15,000,000 in aggregate principal amount of the Notes"
The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.
redemption price financial
"The redemption price per Note will be $25 plus accrued and unpaid interest"
The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.
indenture regulatory
"in accordance with the terms of the indenture governing the Notes"
An indenture is a legal agreement between a company that borrows money by issuing bonds and the people who buy those bonds. It explains the rules the company must follow, like paying back the money and keeping certain financial promises. This document helps both sides understand their rights and responsibilities.
forward-looking statements regulatory
"All statements other than statements of historical facts included ... are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
accrued and unpaid interest financial
"plus accrued and unpaid interest thereon from July 31, 2026 to, but excluding, the Redemption Date"
Accrued and unpaid interest is the interest that has built up on a loan or debt but hasn't been paid yet. It's like owing your friend money for a favor over time—you're expected to pay it later, even though you haven't paid it yet. This matters because it shows how much you owe beyond the original amount borrowed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Oxford Square Capital Corp. (OXSQ) announce regarding its 5.50% Notes due 2028?
Oxford Square Capital Corp. announced an election to redeem $15,000,000 in aggregate principal amount of its 5.50% Notes due 2028, with the trustee instructed to provide formal redemption notices to noteholders under the indenture.
How much of Oxford Square Capital Corp.’s 5.50% Notes (OXSQG) will be redeemed?
The company expects to redeem $15,000,000 in aggregate principal amount of its 5.50% Notes due 2028, out of a total of $80.5 million of these Notes issued and outstanding.
What is the expected redemption date for OXSQ’s 5.50% Notes due 2028?
Oxford Square Capital Corp. expects the redemption of its 5.50% Notes due 2028 to occur on October 14, 2026, referred to as the Redemption Date in the disclosure.
What redemption price will holders of OXSQ’s 5.50% Notes due 2028 receive?
Holders are expected to receive a redemption price of $25 per Note plus accrued and unpaid interest from July 31, 2026 to, but excluding, the Redemption Date for the redeemed 5.50% Notes due 2028.
Does Oxford Square Capital Corp.’s announcement constitute the formal notice of redemption?
No. The company states that this announcement does not constitute a notice of redemption. The trustee, U.S. Bank Trust Company, National Association, is instructed to deliver the formal redemption notice to noteholders under the indenture.
Which Oxford Square Capital Corp. securities are listed on NASDAQ?
Listed securities include Common Stock (OXSQ), 5.50% Notes due 2028 (OXSQG), and 7.75% Notes due 2030 (OXSQH), each on the NASDAQ Global Select Market LLC.
AI-generated analysis. How Rhea-AI works. Not financial advice.
