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Oncologix Closes $4MM Revolver With TCA Global Credit

January 09, 2014, 07:28 AM
Filed Under: Medical

Oncologix Tech Inc. has closed on a $4 million revolving line of credit. Under the terms of the agreement, TCA Global Credit Master Fund, L.P. committed to lend $4 million through one of the Fund's Senior Secured Revolving Notes, with an initial draw of $500,000. The company must meet specific monthly reporting and collateral requirements to further draw on the revolving credit facility.

Wayne Erwin, CEO of Oncologix, stated, "We are delighted to secure a credit facility with TCA Global that will support our company's financing needs throughout 2014. This facility will assist us with vital working capital and provide the capital structure needed to further our corporate strategy of continued growth primarily by acquisitions in our Healthcare Services division."

TCA Global is a short duration, absolute return fund specializing in senior secured lending to small, mainly listed companies in the U.S., Canada, Western Europe and Australia. The firm has a level of domestic and cross-border expertise, long-standing experience and funding innovations, as is reflected in the number of transactions completed. For more information see

Oncologix operates and manufactures Class II medical device products and delivers Personal Healthcare Services nationally. For its clients, Oncologix provides FDA approved medical devices and state licensed healthcare services. For its shareholders, Oncologix operates profitable business divisions that build, maintain and nourish shareholder value. The company's corporate mission is to be the best small cap medical device and healthcare services holding company in North America.

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