Oxford Finance talks $200 million five-year notes to yield 7¼%-7½%

By Paul A. Harris

Portland, Ore., Jan. 15 - Oxford Finance LLC and Oxford Co-Issuer Inc. talked their $200 million offering of five-year senior notes (/B/) to yield 7¼% to 7½%, a market source said on Tuesday.

The books close at noon ET on Wednesday, and the deal is set to price thereafter.

J.P. Morgan Securities LLC is the bookrunner.

The notes come with a Rule 144A for life format. There will be no Regulation S or Canadian sales.

The notes come with two years of call protection.

Proceeds will be used to repay the company's subordinated funding notes as well as its senior revolving funding credit facilities and for general corporate purposes.

The prospective issuer is an Alexandria, Va.-based specialty finance firm focused on the science and health care services sectors.

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