GREENWICH, Conn., May 18, 2020 (GLOBE NEWSWIRE) — Oxford Lane Capital Corp. (OXLCM) (NasdaqGS: OXLC) (NasdaqGS: OXLCO) (NasdaqGS: OXLCM) (NasdaqGS: OXLCP) (“Oxford Lane” or the “Company”) today announced that it has elected to repay and terminate its $40.0 million repurchase agreement with Nomura Securities International, Inc. (“Nomura”). Oxford Lane had previously entered into a repurchase transaction (the “Repo”) with Nomura pursuant to which Oxford Lane sold collateralized loan obligation (“CLO”) securities to Nomura. As of May 15, 2020, the size of the Repo stood at $40.0 million and the scheduled maturity date was October 2, 2020. On May 15, 2020, Oxford Lane elected, at its option, to terminate the Repo and to repurchase all of the previously-sold CLO securities from Nomura at a repurchase price of $40.0 million plus accrued interest. Following the repayment and termination of the Repo, the Company’s only debt or preferred securities currently outstanding are its preferred stock, for which the earliest maturity is June of 2023