ALEXANDRIA, Va., Nov. 3, 2010 /PRNewswire/ -- Oxford Finance Corporation (Oxford), a subsidiary of Sumitomo Corporation, today announced that it closed a $16 million senior credit facility with SnF Management, LLC, operator of the Windsor family of healthcare facilities. The transaction includes a senior secured term loan and a revolving line of credit, which SnF plans to use to purchase additional properties throughout California.
"Oxford is pleased to provide capital to support SnF's growth initiatives," said Christopher A. Herr, managing director for Oxford Finance. "The company's impressive management team and compassionate approach to providing healthcare services have helped it become one of the dominant operators in the state of California."
"Oxford exhibited uncommon creativity, flexibility, and commitment to our needs throughout the transaction," said Lee C. Samson, President and Chief Executive Officer of SnF Management. "Oxford was able to execute in ways other lenders could not."
About Oxford Finance Corporation
A subsidiary of Sumitomo Corporation, Oxford 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, Massachusetts and North Carolina. For more information visit www.oxfordfinance.com.
About SnF Management
Windsor Healthcare, a division of SnF Management Company, LLC, is a provider of long-term healthcare and rehabilitation services that operates under the Windsor name. A privately-owned company formed in 1984, it operates 32 skilled nursing and rehabilitation centers and one assisted living facility located throughout the state of California, or 4,094 licensed beds. Approximately 5,600 Windsor employees provide nursing care and therapeutic service to an average of 3,735 patients per day. SnF is headquartered in West Hollywood, California. For more information, visit www.windsorcares.com.
SOURCE Oxford Finance Corporation