Company: OXLCZ
Filing Date: 2025-02-19
Form Type: 424B2
Source: 0001213900-25-015045
Chunk: 42

Company: Oxford Lane Capital Corp.
Filing Date: 2025-02-19
Form: 424B2
Chunk 42
---
 trust administered by any other trustee. Indenture Provisions — Ranking The Notes will be our direct unsecured obligations and will rank as follows: •senior in right of payment to all of our existing and future shares of common stock and preferred stock, including the Term Preferred Shares; •senior to any of our future indebtedness that expressly provides it is subordinated to the Notes. We currently do not have outstanding debt that is subordinated to the Notes and do not currently intend to issue indebtedness that expressly provides that it is subordinated to the Notes. Therefore, the we do not anticipate that the Notes will be senior to any indebtedness or obligations; S-33 • pari passu(equal in right of payment) with all outstanding and future unsecured, unsubordinated indebtedness issued by the Company, including our 2030 Notes, of which we had $115.0 million outstanding as of December31, 2024, our 2031 Notes, of which we had $100.0 million outstanding as of December31, 2024, our 2027 Notes, of which we had $100.0 million outstanding as of December31, 2024 and our general liabilities, which were approximately $149.5 million as of December31, 2024 and which consist of trade and other payables, including temporary indebtedness of approximately $115.3 million resulting from securities purchases that have not yet settled, any outstanding dividend payable, base and incentive advisory fees payable, interest and debt fees payable, vendor payables and accrued expenses such as auditor fees, legal fees, director fees, etc; •effectively subordinated to all of our future secured indebtedness (including indebtedness that is initially unsecured to which we subsequently grant security), to the extent of the value of the assets securing such indebtedness. Because the Notes will not be secured by any of our assets, they will be effectively subordinated to any secured indebtedness we may incur in the future (or any indebtedness that is initially unsecured to which we subsequently grant security), to the extent of the value of the assets securing such indebtedness. In any liquidation, dissolution, bankruptcy or other similar proceeding, the holders of any of our existing or future secured indebtedness may assert rights against the assets pledged to secure that indebtedness in order to receive full payment of their indebtedness before the assets may be used to pay other creditors, including the holders of the Notes, and any assets of our subsidiaries, if any, will not be directly available to