Oxford Square Funding, a subsidiary of Oxford Square Capital (OXSQ), entered into a credit facility with Citibank. The company borrowed approximately $95.2 million under the facility.
Pricing under the facility was generally based on three-month LIBOR plus 2.25% per annum. It 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.
Oxford Square Capital is a publicly-traded business development company principally investing in syndicated bank loans and debt and equity tranches of collateralized loan obligation vehicles.
