Company: OXLCZ
Filing Date: 2025-05-20
Form Type: N-CSR
Source: 0001213900-25-045605
Chunk: 38

Company: Oxford Lane Capital Corp.
Filing Date: 2025-05-20
Form: N-CSR
Chunk 38
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2024, the Fund completed an underwritten public offering, including the full exercise of the underwriters’ 30 -dayoverallotment option, of approximately $ 115.0million in aggregate principal amount of 8.75% Unsecured Notes due 2030 (the “8.75% Notes”). The 8.75% Notes will mature on June 30, 2030 and may be redeemed in whole or in part at any time or from time to time at the Fund’s option on or after June 30, 2028. The 8.75% Notes bear interest at a rate of 8.75% per year payable quarterly on March 31, June 30, September 30, and December 31, of each year, commencing September 30, 2024. The aggregate accrued interest payable on the 8.75% Notes as of March 31, 2025, was approximately $27,951. As of March 31, 2025, the Fund had unamortized deferred debt issuance costs of approximately $3.5 million, relating to the 8.75% Notes. The deferred debt issuance costs are being amortized over the term of the 8.75% Notes 48 OXFORD LANE CAPITAL CORP.
NOTES TO FINANCIAL STATEMENTS
MARCH 31, 2025 NOTE 8. BORROWINGS (cont.) and are included in interest expense in the statement of operations. The effective annualized interest rate for the year ended March 31, 2025 was approximately 9.50%. The interest expense paid for the year ended March 31, 2025 was approximately $7.3million NOTES PAYABLE — 7.95% UNSECURED NOTES DUE 2032 On February 27, 2025, the Fund completed an underwritten public offering, including the full exercise of the underwriters’ 30 -dayoverallotment option, of approximately $ 185.0million in aggregate principal amount of 7.95% Unsecured Notes due 2032 (the “7.95% Notes” together with the 5.00% Notes, 6.75% Notes and 8.75% Notes, the “Notes”). The 7.95% Notes will mature on February 29, 2032 and may be redeemed in whole or in part at any time or from time to time at the Fund’s option on or after