Oxford Finance gets $150 million credit facility led by Wells Fargo

By Sara Rosenberg

New York, April 28 - Oxford Finance LLC closed on a new $150 million senior credit facility, according to a news release.

Wells Fargo Capital Finance acted as the lead bank on the deal, and has agreed to hold $75 million of the loan and syndicate the balance post-close.

Proceeds from the new facility, in combination with a recent capitalization from Sumitomo Corp. of America and Welsh, Carson, Anderson & Stowe, is being used to expand the company's balance sheet and support its portfolio growth.

Oxford Finance is an Alexandria, Va.-based specialty finance firm providing senior secured loans to public and private life science and healthcare services companies.

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