Oxford, SVB Provide $45MM for Nuvectra

Nuvectra, a neurostimulation medical device company, reached an agreement with Silicon Valley Bank and Oxford Finance, the lenders of its existing credit facility, to secure a second amendment to the company’s loan and security agreement for $45 million.

SVB, Oxford Extend Nuvectra Facility Timeline

Nuvectra reached an agreement with the lenders of its $45 million credit facility, Silicon Valley Bank and Oxford Finance, to extend the availability of the final two tranches of the facility.

Oxford Finance, Silicon Valley Close $45MM Nuvectra Facility

Oxford Finance and Silicon Valley Bank closed a $45 million term loan to Nuvectra. The facility is comprised of a $40 million senior secured term loan and a $5 million line of credit.