Oxford Finance Closes Strategic Private Asset Backed Securitization with Sale of Residual Interests

Oxford announced a private securitization involving the sale at par of approximately $400 million of loans from its balance sheet. The new securitization entity issued three rated asset-backed tranches and subordinated Class R notes carrying residual interests. Additional investor commitments and an accordion could increase the transaction to $1 billion. Barclays served as sole structuring adviser and lead-left placement agent; MUFG Securities Americas was joint placement agent.