Daily News: February 2, 2012

Oxford Provides $1MM Revolving Line of Credit to Cold Spring

Oxford Finance said it closed a $1 million revolving line of credit with Cold Spring Holdings. Proceeds from the loan are being used for working capital to support Cold Spring’s skilled nursing facilities in Texas.

“Oxford is pleased to support the operations of Cold Spring’s two recently acquired skilled nursing facilities,” said Christopher A. Herr, managing director for Oxford Finance. “Cold Spring’s management team is highly regarded and has many years of experience in the senior care industry.”

“We are excited to be working with Oxford Finance,” said Michael G. Wallace, principal at Cold Spring Holdings. “We look forward to expanding our relationship in years to come.”