GREENWICH, Conn., June 21, 2018 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS:OXSQ) (NasdaqGS:OXSQL) announced today that on June 21, 2018, Oxford Square Funding 2018, LLC, 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.