Oxford Square Capital announces public offering of notes

Oxford Square Capital Corp. (NASDAQ: OXSQ) announced the commencement of a registered public offering of notes. The business development company has not disclosed the public offering price or other terms, which will be determined through negotiations with underwriters.

The company plans to grant underwriters a 30-day option to purchase additional notes on the same terms to cover over-allotments. The notes are expected to be listed on the NASDAQ Global Select Market and trade within 30 days of the original issue date.

Oxford Square Capital expects to use net proceeds from the offering to repay indebtedness, acquire investments in accordance with its investment objective and strategies, and for general corporate purposes.

Lucid Capital Markets, LLC and Piper Sandler & Co. are serving as joint book-running managers for the offering. Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. are acting as lead managers.

The company operates as a publicly-traded business development company that principally invests in syndicated bank loans and debt and equity tranches of collateralized loan obligation vehicles. A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission.

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