Oxford Finance LLC said it has provided a $13.9 million structured credit facility to affiliates of Landmark Health Solutions LLC.
The financing package includes a $10.9 million senior secured term loan and a $3 million revolving line of credit.
Landmark utilized the proceeds from Oxford to refinance existing debt and support the ongoing operations of three of its affiliated owned skilled nursing centers in Massachusetts.
"Landmark's management team has many years of experience and a proven track record of stabilizing underperforming nursing facilities," said Christopher A. Herr, managing director for Oxford Finance. "We are very pleased that Oxford was selected to provide a financing package to support Landmark's efforts to reposition its nursing facilities."
Oxford Finance is a specialty finance firm providing senior secured loans to public and private life science and healthcare services companies.