Regions Agents $100MM Expansion of Ebix Credit Facility

Ebix expanded its existing syndicated credit facility by an additional $100 million. Regions Bank led the banking group and served as both administrative and collateral agent on the transaction.

SVB Secures $2MM Financing for Infosec Company HYAS

Silicon Valley Bank entered into a $2 million debt financing agreement with HYAS, a provider of attribution intelligence solutions for infosec and cybersecurity professionals.

SVB Upsizes NanoSting Revolver to $20MM

NanoString Technologies entered into an amended and restated loan and security agreement with Silicon Valley Bank, increasing the size of its revolving loan facility to $20 million.

SVB to Acquire Healthcare Investment Bank Leerink Partners

SVB Financial Group and its subsidiary, Silicon Valley Bank, agreed to acquire Boston-based Leerink Holdings, the parent company of healthcare and life science-focused investment bank Leerink Partners.

SVB Doubles MTBC’s Credit Facility to $10MM

Silicon Valley Bank increased MTBC’s secured line of credit to $10 million to support future growth.

SVB Doubles MTBC Credit Facility to $10MM

MTBC, a provider of revenue cycle and cloud-based healthcare IT solutions, increased its secured line of credit with Silicon Valley Bank, which is currently untapped, to $10 million to support future growth.

SVB Provides $15MM Debt Facility to Sierra Oncology

Sierra Oncology obtained a debt facility from Silicon Valley Bank to support the advancement of its drug development programs.

SVB Expands Executive Team

Silicon Valley Bank appointed Nick Shevelyov as its new chief information officer and Robin Staples as its new chief technology officer. Shevelyov succeeds Roger Leone, who is retiring at the end of the year.

Horizon Leads $10MM Facility for MacuLogix

Horizon Technology Finance led a $10 million loan facility for MacuLogix. Horizon funded an initial $3.75 million of its commitment under the term loan facility and Silicon Valley Bank funded $1.25 million. SVB also provided a $3 million senior revolving line of credit to MacuLogix.

TriplePoint Capital Provides $5.5MM DIP for Tintri

A year after launching its IPO, Tintri filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code. The company will continue to operate its businesses as a debtor-in-possession under the jurisdiction of the bankruptcy court.