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Oxford Finance Closes $3MM Debt Facility With InterValve

January 22, 2015, 07:18 AM
Filed Under: Life Sciences

Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $3 million senior secured term loan agreement with InterValve, Inc. ("InterValve"). Proceeds of the loan will be used for product line expansion and the ongoing commericialization of the company's lead product, the V8™ Aortic Valvuloplasty Balloon catheter.

"InterValve's aortic valve dilation device is technologically innovative and has been proven to be a safe and effective solution for treating patients with calcific aortic stenosis," said Christopher A. Herr, managing director for Oxford Finance. "We are pleased to provide financing to support the growth of the company and the advancement of InterValve's unique product."

"We are pleased to be partnering with Oxford," said Mark Ungs, chief executive officer of InterValve. "This funding will allow us to continue our commercial and development efforts."

InterValve Inc. is headquartered in Minneapolis, Minnesota. The company is dedicated to advancing innovations in aortic valvuloplasty balloon catheter designs that improve procedure safety and efficacy.

Oxford Finance is a specialty finance firm providing senior secured loans to public and private life sciences and healthcare services companies worldwide. For over 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 $2 billion in loans, with lines of credit ranging from $500 thousand to $75 million. Oxford is headquartered in Alexandria, Virginia, with additional offices in California, Massachusetts, Illinois and North Carolina.

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