ALEXANDRIA, Va., Dec. 13, 2011 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it established a $15 million revolving line of credit to one of the largest providers of hospital-based outpatient services in the United States. The private equity backed company plans to use the funds to refinance current debt and execute the company's growth plan.
"Oxford is pleased to provide a flexible working capital solution to a growing company with an outstanding management team that has a successful track record in the healthcare services industry," said Christopher A. Herr, managing director for Oxford Finance. "We strive to serve the financing needs of private equity investors in the healthcare services sector, as well as companies dedicated to providing quality services to hospital customers and patients."
About Oxford Finance LLC
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences 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 $50 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