Bookrunners Deutsche Bank, Ladenburg Thalmann have greenshoe
By Devika Patel
Knoxville, Tenn., March 11 - Oxford Lane Capital Corp. said it priced a $47.6 million public sale of stock with a $7.14 million greenshoe. The deal was announced Monday.
The company will sell 2.8 million common shares at $17.00 per share. The price per share is a 34.62% discount to the March 10 closing share price of $26.00.
Deutsche Bank Securities and Ladenburg Thalmann & Co. Inc. are the joint bookrunning managers.
Settlement is expected March 14.
Proceeds will be used to acquire investments and for general working capital purposes, including operating expenses.
Based in Greenwich, Conn., Oxford Lane is a management investment company.
Issuer: | Oxford Lane Capital Corp.
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Issue: | Common stock
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Amount: | $47.6 million
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Greenshoe: | $7.14 million
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Shares: | 2.8 million
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Price: | $17.00
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Warrants: | No
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Bookrunners: | Deutsche Bank Securities and Ladenburg Thalmann & Co. Inc.
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Announcement date: | March 10
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Pricing date: | March 11
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Settlement date: | March 14
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Stock symbol: | Nasdaq: OXLCP
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Stock price: | $26.00 at close March 10
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