Daily News: July 29, 2014

Oxford Closes $8MM Senior Debt Facility with Natrix

Oxford Finance announced the closing of an $8 million senior secured term loan agreement with Natrix Separations. Proceeds of the loan will be used for working capital.

“Oxford is pleased to provide financing to Natrix Separations, a company that utilizes a unique technology for manufacturing single use chromatography products,” said Christopher A. Herr, managing director for Oxford Finance. “The company, led by a talented management group, has been very successful with its product and is aggressively pursuing expansion opportunities into new markets.”

Natrix CEO John Chickosky commented, “This financing is an important step for Natrix as we accelerate the commercial expansion of our company. The funding from Oxford will allow us to ramp up our product development efforts as we continue to change the way biopharmaceutical companies develop and manufacture important new therapeutics.”