Oxford Finance LLC Completes $258.8 Million Securitization Transaction
ALEXANDRIA, Va., July 22, 2011 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life science and healthcare services companies, today announced the closing of a term loan securitization transaction completed on July 8, 2011. The $258.8 million securitization consisted of class A notes rated A2 (sf) by Moody's Investors Service. Guggenheim Securities, LLC was the arranger of the notes, and Oxford is the sponsor, originator and servicer for this transaction.
"Oxford is pleased to be the first issuer of a term loan securitization in the life science asset class, which underscores the high quality of our portfolio," said J. Alden Philbrick, president and chief executive officer of Oxford Finance. "This transaction furthers Oxford's strategy to obtain capital from a diversified pool of resources and allows the company to build toward a multi-billion dollar balance sheet."
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life science and healthcare services companies worldwide. For over 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $1.5 billion in loans, with lines of credit ranging from $500 thousand to $40 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Illinois, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
SOURCE Oxford Finance LLC
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