OXSQ Announces New Credit Facility
22 June 2018 - 6:00AM
Oxford Square Capital Corp. (NasdaqGS:OXSQ) (NasdaqGS:OXSQL) (the
“Company,” “we,” “us,” or “our”) announced today that on June 21,
2018, Oxford Square Funding 2018, LLC (“OXSQ Funding”), a special
purpose vehicle that is a wholly-owned subsidiary of the Company,
entered into a credit facility (the “Facility”) with Citibank, N.A.
Pricing under the Facility is generally based on 3-month LIBOR plus
2.25% per annum. Pursuant to the terms of the credit agreement
governing the Facility, OXSQ Funding has borrowed approximately
$95.2 million. The Facility will mature on June 21, 2020, and
is subject to periodic repayment prior to such date from
collections on OXSQ Funding’s loan assets and certain other
mandatory payment requirements.
About Oxford Square Capital Corp.
Oxford Square Capital Corp. is a publicly-traded
business development company principally investing in syndicated
bank loans and debt and equity tranches of collateralized loan
obligation (“CLO”) vehicles. CLO investments may also include
warehouse facilities, which are financing structures intended to
aggregate loans that may be used to form the basis of a CLO
vehicle.
Forward-Looking Statements
This press release contains forward-looking
statements subject to the inherent uncertainties in predicting
future results and conditions. Any statements that are not
statements of historical fact (including, but not limited to,
statements containing the words “believes,” “plans,” “anticipates,”
“expects,” “estimates” and similar expressions) should also be
considered to be forward-looking statements. Certain factors could
cause actual results and conditions to differ materially from those
projected in these forward-looking statements. These factors are
identified from time to time in our filings with the Securities and
Exchange Commission. We undertake no obligation to update such
statements to reflect subsequent events, except as may be required
by law.
Contact:Bruce Rubin203-983-5280
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