S&P gives Oxford Finance notes B+

S&P said it assigned its B+ rating to Oxford Finance LLC's offering of $300 million of senior unsecured notes due in 2022.

Oxford is planning to use the net proceeds from the offering to repay its senior secured revolving credit facilities, pay a dividend to its parent, Oxford Holdco LLC, and for general corporate purposes.

The agency said the ratings on Oxford reflect the company's good niche position in health care lending, its track record of low credit losses, and its low leverage and good profitability.

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