SOURCE: Oxford Lane Capital Corp.
April 21, 2014 08:00 ET
GREENWICH, CT--(Marketwired - Apr 21, 2014) - Oxford Lane Capital Corp. (the "Company") (NASDAQ: OXLC) (NASDAQ: OXLCP) (NASDAQ: OXLCO) announced today that, since the pricing of its most recent equity capital raise on March 11, 2014, it has funded or committed to fund investments exceeding $125 million. Those investments were in CLO equity, debt and, to a significant extent, warehouse financings, which are short-term facilities that are generally expected to form the basis of CLO vehicles (which the Company may participate in or be repaid by).
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company. It currently seeks to achieve its investment objective of maximizing total return by investing in securitization vehicles which, in turn, primarily invest in senior secured loans made to companies whose debt is unrated or is rated below investment grade.
This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions, including statements with regard to the anticipated use of the net proceeds of the Company's securities offering. Any statements that are not statements of historical fact (including statements containing the words "believes," "intends," "plans," "anticipates," "expects," "estimates" and similar expressions) should also be considered to be forward-looking statements. 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 our filings with the Securities and Exchange Commission. We undertake no obligation to update such statements to reflect subsequent events, unless required to do so by law.
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