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Oxford Finance to price $400 million five-year notes on Tuesday; initial talk 6½% area
By Paul A. Harris
Portland, Ore., Jan. 24 – Oxford Finance LLC plans to price a $400 million offering of five-year senior notes (Ba3/B/BB) on Tuesday, according to market sources.
Initial guidance has the deal coming to yield in the 6½% area.
J.P. Morgan Securities LLC is the lead.
The notes come with two years of call protection.
The Alexandria, Va.-based financial services provider, which will issue via subsidiary, Oxford Finance Co-Issuer II Inc., plans to use the proceeds to repay unsecured debt and for general corporate purposes.
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