In Brief: Oxford Health Gets $100M Loan From DLJ

Oxford Health Plans Inc., a managed health care company that has been struggling financially, has obtained a $100 million bridge loan from Donaldson, Lufkin & Jenrette Corp.

Oxford disclosed in a proxy statement that the short-term financing is due Feb. 6, 1999, and would carry interest charges of 10.5% to 17%. The proceeds would be used "to make capital contributions to certain of its health maintenance organization subsidiaries and for general corporate purposes," the proxy said.

Several investor groups, including Kohlberg Kravis Roberts & Co. and Texas Pacific Group,are said to be talking to Oxford about potential investments.

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