Company: OXLCZ
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001213900-25-015823
Chunk: 29

Company: Oxford Lane Capital Corp.
Filing Date: 2025-02-21
Form: 424B2
Chunk 29
---
 million. (9) On May 15, 2020, the Company elected, at its option, to repay and terminate its $40.0 million repurchase agreement with Nomura. The Company repurchased all of the previously sold CLO securities from Nomura at a repurchase price of $40.0 million plus accrued funding costs. (10) On April 15, 2021, the Company redeemed all of the issued and outstanding 7.50% Series 2023 Term Preferred Stock at the term redemption price. S-25 Table of Contents DESCRIPTION OF THE NOTES The Notes will be issued under a base indenture, dated March 16, 2021, and the fourth supplemental indenture thereto to be entered into between us and the U.S. Bank Trust Company, National Association, as trustee. We refer to the indenture, as well as the supplemental indenture thereto, as the indenture and to U.S. Bank Trust Company, National Association as the trustee. The Notes are governed by the indenture, as required by federal law for all bonds and notes of companies that are publicly offered. An indenture is a contract between us and the financial institution acting as trustee on your behalf, and is subject to and governed by the Trust Indenture Act of 1939, as amended. The trustee has two main roles. First, the trustee can enforce your rights against us if we default. There are some limitations on the extent to which the trustee acts on your behalf, described in the second paragraph under “— Events of Default — Remedies if an Event of Default Occurs.” Second, the trustee performs certain administrative duties for us with respect to the Notes. This section includes a description of the material terms of the Notes and the indenture. Because this section is a summary, however, it does not describe every aspect of the Notes and the indenture. We urge you to read the indenture because it, and not this description, defines your rights as a holder of the Notes. The indenture and the fourth supplemental indenture will be attached as exhibits to a filing that we make with the SEC in connection with this offering. See “Available Information” for information on how to obtain a copy of the indenture. General The Notes will mature on February29, 2032. The principal payable at maturity will be 100% of the aggregate principal amount. The interest rate of the Notes is 7.95% per year and will be paid every March 31, June