Collateralized loan obligation holder Oxford Lane Capital (OXLC) has announced a new issue of term preferred stock with a mandatory redemption in 2029.
This issue will be a monthly dividend paying security.
The company currently has baby bonds and term preferreds outstanding which can be seen here.
The preliminary prospectus can be read here.
mbg and 2whiteroses were right on top of this new issue.
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BRIEF-Oxford Lane Capital Says Priced Underwritten Offering Of 2.4 Mln Shares Of 6.00% Series 2029 Term Preferred Shares At $25 Per Share