Oxford Finance Corporation

Oxford Finance Corporation and Silicon Valley Bank Close $12 Million Secured Loan Agreement With Medivance, Inc.

Published in Physician Law Weekly, August 6th, 2008

Oxford Finance Corporation and Silicon Valley Bank, Inc., announced they have finalized an agreement with Medivance, Inc. to provide a $12 million senior secured loan, which includes a $4 million revolving line of credit. The company plans to use the additional working capital to fund multiple growth initiatives.

Medivance, a global medical device company, manufactures proprietary therapeutic temperature management solutions. Their advanced equipment is used to assist patients who have suffered cardiac arrest, heart attack, stroke, brain injury, neurogenic fever, trauma or other critical injuries.

"Oxford is pleased to provide funds to support...

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Source: Physician Law Weekly (2008-08-06)

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