Oxford Lane Calls All Remaining 2027 Notes
Oxford Lane Capital Corp. will redeem its outstanding 5.00% Notes due 2027 and remove them from Nasdaq trading.
Updated on Nov. 4, 2026 in Corporate Finance
Oxford Lane Capital Corp. has called for redemption of all remaining 5.00% Notes due 2027, totaling $40,000,000 in aggregate principal. The Notes will be redeemed at $25 per Note, plus accrued and unpaid interest from September 30, 2026 through the Redemption Date.
Why it matters
The call retires the company's remaining notes of this series, which are traded on the Nasdaq Global Select Market under the ticker OXLCZ. Holders must surrender Notes to the trustee to receive the redemption payment, and interest stops accruing on the Redemption Date.
The company is redeeming $40,000,000 in aggregate principal of 5.00% Notes at a price of $25 per Note. Details on the reason for the call and any replacement financing were not disclosed in the announcement.
The players
Oxford Lane Capital Corp.
A publicly-traded registered closed-end management investment company that principally invests in debt and equity tranches of collateralized loan obligation vehicles.
The details
Notes are held in book-entry form through The Depository Trust Company and will be redeemed under its procedures. After the Redemption Date, holders' only remaining right is to receive the redemption payment upon surrendering Notes to the trustee as paying agent.
Timeline
September 30, 2026: Accrued interest on the Notes begins accumulating for holders.
November 4, 2026: Oxford Lane Capital Corp. announces the redemption call from Greenwich, Connecticut.
December 4, 2026: Redemption Date for all outstanding Notes.
Market Dynamics
Closed-end funds that invest in collateralized loan obligations often finance positions with listed fixed-rate notes, and calls like this one reshape a fund's leverage profile. The move reflects how such funds manage their debt stack as older notes reach their redemption windows.
Holders of the 5.00% Notes will receive $25 per Note plus accrued interest from September 30, 2026 through December 4, 2026, and interest stops after that date. Those holding Notes must present them to the trustee to collect payment, and the position will no longer trade on Nasdaq.
The takeaway
Holders of OXLCZ should confirm their brokerage processing of the redemption and the trustee surrender steps before the December 4, 2026 Redemption Date. Keeping records of accrued interest through that date helps verify the final payment.
What happens next
The Notes are scheduled to be redeemed on December 4, 2026, and will be delisted from the Nasdaq Global Select Market following redemption.
Further reading
For broader context on how companies handle debt calls and maturities, browse Corporate Finance coverage for Connecticut.
