Oxford Square Capital Corp. Announces Offering of Notes and BBB Investment Grade Rating of the Notes by Egan-Jones Ratings Co...
13 Mai 2021 - 2:24PM
Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQL)
(NasdaqGS: OXSQZ) (the “Company”) announced the commencement of a
registered public offering of Notes (the “Notes”). The public
offering price and other terms of the Notes are to be determined by
negotiations between the Company and the underwriters. The Company
also plans to grant the underwriters a 30-day option to purchase
additional Notes on the same terms and conditions to cover
over-allotments, if any. The Company also announced that the Notes
received an investment grade rating of “BBB”* from Egan-Jones
Ratings Company (“Egan-Jones”), an independent, unaffiliated rating
agency.
Egan-Jones is a Nationally Recognized
Statistical Rating Organization (NRSRO) and is recognized by the
National Association of Insurance Commissioners (NAIC) as a Credit
Rating Provider (CRP). Egan-Jones is also certified by the European
Securities and Markets Authority (ESMA).
The Notes are expected to be listed on the
NASDAQ Global Select Market and to trade thereon within 30 days of
the original issue date.
The Company expects to use the net proceeds from
this offering to primarily fund investments in debt securities and
CLO investments in accordance with its investment objective and for
other general corporate purposes.
Ladenburg Thalmann & Co. Inc., B. Riley
Securities, Inc. and William Blair & Company, L.L.C. are acting
as joint book-running managers. Compass Point Research &
Trading, LLC, Incapital LLC and National Securities Corporation are
acting as lead managers.
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: Ladenburg Thalmann, Attn: Syndicate Department,
640 Fifth Ave, 4th Floor, New York, NY 10019, or by emailing
prospectus@ladenburg.com (telephone number 1-800-573-2541); B.
Riley Securities, Inc., Attn: Prospectus Department, 1300 17th
Street North, Suite 1300, Arlington, VA 22209 or by e-mailing
prospectuses@brileyfin.com (or by calling (800) 846-5050); William
Blair & Company, L.L.C., Attention: Prospectus Department, 150
North Riverside Plaza, Chicago IL 60606, or by telephone at
1-800-621-0687 or email at prospectus@williamblair.com; Compass
Point Research & Trading, LLC, 1055 Thomas Jefferson Street NW,
Suite 303 Washington, D.C. 20007, or email at
syndicate@compasspointllc.com; Incapital LLC, Attn: Syndicate
Department, 1800 N Military Trail, Suite 400, Boca Raton, FL 33431,
or by emailing prospectus_requests@incapital.com (telephone number
1-800-327-1546); and National Securities Corporation, Attention:
Adrian Adderley, 200 Vesey Street, 25th Floor, New York, New York
10281, telephone: (561) 981-1074 or by email at
prospectusrequest@nationalsecurities.com. The preliminary
prospectus supplement, dated May 13, 2021, and accompanying
prospectus, dated May 13, 2020, 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.
* Note: A securities rating is not a
recommendation to buy, sell or hold securities and may be subject
to revision or withdrawal at any time.
About Oxford Square Capital
Corp.
Oxford Square Capital Corp. is a publicly-traded
business development company principally investing in syndicated
bank loans and 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, including statements with regard to
the Company’s securities offering and the anticipated use of the
net proceeds of the offering. 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, including the impact of COVID-19 and
related changes in base interest rates and significant market
volatility on the Company’s business, its portfolio companies, its
industry and the global economy. 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 Rubin203-983-5280
Oxford Square Capital (NASDAQ:OXSQL)
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