ALEXANDRIA, Va., Feb. 2, 2012 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced that it closed a $1 million revolving line of credit with Cold Spring Holdings ("Cold Spring"). Proceeds from the loan are being used for working capital to support Cold Spring's skilled nursing facilities in Texas.
"Oxford is pleased to support the operations of Cold Spring's two recently acquired skilled nursing facilities," said Christopher A. Herr, managing director for Oxford Finance. "Cold Spring's management team is highly regarded and has many years of experience in the senior care industry."
"We are excited to be working with Oxford Finance," said Michael G. Wallace, principal at Cold Spring Holdings. "We look forward to expanding our relationship in years to come."
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.
About Cold Spring Holdings LLC
Cold Spring Holdings was formed in 2011 as a premier rehabilitation and nursing care provider. Cold Spring currently operates two new skilled nursing facilities: The Atrium of Bellmead in Bellmead, Texas, and Rock Creek Nursing and Rehabilitation in Sulphur Springs, Texas. The company will be breaking ground on two additional facilities in the next few months.
SOURCE Oxford Finance LLC