Oxford Lane Capital Corp $500M’s At-The-Market Common Stock Offering


Blank Rome advised Ladenburg Thalmann & Co as sales agent.

Oxford Lane Capital Corp. filed a prospectus supplement related to an offering of up to $500 million of common stock.

The company entered into an equity distribution agreement with Ladenburg Thalmann & Co. Inc. as sales agent, which provides that Oxford Lane Capital may offer and sell common shares having an aggregate offering price of up to $500 million from time to time.

If the company sells common shares with an aggregate offering price of $500 million, it expects net proceeds of about $489.8 million, after deducting sales agent commissions and estimated expenses payable by the company. It intends to use the net proceeds from the at-the-market offering to acquire investments and for general working capital purposes.

Oxford lane Capital Corp. is a non-diversified closed-end management investment company that has registered as an investment company under the 1940 Act.

The Blank Rome team included Brad L. Shiffman (Picture), Thomas A. Cournoyer, Emanuel J. Adler, Joseph T. Gulant, David A. Gilbert.

Involved fees earner: Emanuel Adler – Blank Rome LLP; Thomas Cournoyer – Blank Rome LLP; David Gilbert – Blank Rome LLP; Joseph Gulant – Blank Rome LLP; Brad Shiffman – Blank Rome LLP;

Law Firms: Blank Rome LLP;

Clients: Ladenburg Thalmann & Co.;

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Author: Ambrogio Visconti