Oxford Finance closed a $300 million senior unsecured note offering by Oxford and Oxford Finance Co-Issuer II, a wholly owned subsidiary of Oxford.

The notes bear interest at a fixed rate of 6.375% and mature in 2022. Oxford intends to use the net proceeds of this offering to make a distribution to its parent (Oxford Holdco), repay a portion of its funding debt and for general corporate purposes.

The notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, that are qualified purchasers, as defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended. The notes have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the U.S. or to U.S. persons absent registration or an applicable exemption from the registration requirements.

Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide.