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Oxford Finance Corporation Closes $25 Million Credit Facility with EUSA Pharma
Date:2/4/2010

ALEXANDRIA, Va., Feb. 4 /PRNewswire/ -- Oxford Finance Corporation today announced that it is the agent and primary lender for a $25 million credit facility provided to EUSA Pharma.  MidCap Financial and Silicon Valley Bank are co-lenders in the transaction.

EUSA Pharma is a specialty pharmaceutical company that focuses on oncology, pain control and critical care medicines which it markets predominately in Europe and the United States.  The company currently has eight products on the market and several others in late stage development.

"We are pleased to work with Oxford which provided EUSA Pharma with the financial means to leverage its outstanding transatlantic commercial infrastructure," said Bryan Morton, president and chief executive officer of EUSA Pharma.

"EUSA Pharma is a rapidly growing company with an impressive product pipeline," said J. Alden Philbrick, president and chief executive officer of Oxford Finance Corporation. "We are very pleased to provide funds to help them progress with their commercialization efforts and to have the opportunity to expand Oxford's European portfolio."

About Oxford Finance Corporation

Oxford Finance Corporation, a subsidiary of Sumitomo Corporation, is a specialty finance firm providing senior secured loans to public and private life science companies worldwide. For 20 years, Oxford has delivered flexible financing solutions to its clients, enabling these companies to maximize their equity by leveraging their assets. In recent years, Oxford has originated over $1 billion in loans, with lines of credit ranging from $500 thousand to $30 million. O
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SOURCE Oxford Finance Corporation
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