Company: OXLCZ
Filing Date: 2025-02-21
Form Type: 424B2
Source: 0001213900-25-015823
Chunk: 14

Company: Oxford Lane Capital Corp.
Filing Date: 2025-02-21
Form: 424B2
Chunk 14
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 will be borne entirely by our stockholders, and our leverage strategy may not be successful. For example, the more leverage is employed, the more likely a substantial change will occur in our net asset value per share of our common stock. See “Principal Risks — Risks Related to Our Investments — We may borrow money and/or issue preferred stock to leverage our portfolio, which would magnify the potential for gain or loss on amounts invested and will increase the risk of investing in us” in our most recent annual or semi -annualreport on Form N -CSR. S-5 Table of Contents Summary Risk Factors Investing in the Notes involves significant risks. The following is a summary of certain risks that you should carefully consider before investing in the Notes. For a further discussion of these risk factors, please see “Supplementary Risk Factors” beginning on page S -16of this prospectus supplement and “Risk Factors” beginning on page 15 of the accompanying prospectus. Risks Related to the Notes •The Notes will be unsecured and therefore will be effectively subordinated to any secured indebtedness we may incur in the future and rank pari passuwith, which means equal to, all outstanding and future unsecured unsubordinated indebtedness issued by us and our general liabilities. The Notes will be structurally subordinated to the indebtedness and other liabilities of our future subsidiaries, if any. •The indenture under which the Notes will be issued will contain limited protections for holders of the Notes. •Our amount of debt outstanding will increase as a result of this offering. Our future indebtedness could adversely affect our business, financial condition, results of operations, and ability to meet our payment obligations under the Notes and our other debt. •There is no existing trading market for the Notes, and, even if the NASDAQ Global Select Market approves the listing of the Notes, an active trading market for the Notes may not develop, which could adversely impact the market price of the Notes or limit your ability to sell the Notes. •We may choose to redeem the Notes when prevailing interest rates are relatively low. •An increase in market interest rates could result in a decrease in the market value of the Notes. •We may be unable to invest a significant portion of the net proceeds from this offering, which could adversely impact our financial condition and operating results. •If we default on our obligations to pay our other indebtedness, we may not be able to make payments on the Notes. •A downgrade, suspension or withdrawal of the credit rating assigned by a rating agency to us