Regions Upsizes Ebix Facility to $650MM

Ebix expanded its existing credit facility from $450 million to $650 million to assist in funding its growth. Regions Bank served as administrative agent for the transaction.

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 Provides $3.5MM Facility to Trakopolis

Trakopolis entered into a new $3.5 million secured credit facility with Silicon Valley Bank. The credit facility consists of a $1.5 million 36-month term loan and an up to $2 million accounts receivable line of credit.

Silicon Valley Bank Arranges $100MM Ribbon Credit Facility

Ribbon Communications, a global leader in secure and intelligent cloud communications, entered into a $100 million senior secured credit facilities credit agreement with Silicon Valley Bank.

SVB, MidCap Expand $15MM Term Loan for Vericel

Vericel entered into an expanded $15 million term loan and retained an existing $10 million revolving line of credit with Silicon Valley Bank and MidCap Financial Services.

JPMorgan Agents $273MM Facility for Progress Software

Progress Software amended its credit agreement to include a $123.7 million senior secured term loan and a $150 million revolving credit facility.

Barclays, HSBC, Others Upsize Hut Group Facility to $677MM

The Hut Group, a British health and beauty e-tailer has increased its credit facility from £345 million ($454 million) to £515 million ($677 million) credit facility with a group of banks that includes Barclays, HSBC and Silicon Valley Bank, Sky News reported.

SunTrust, Leumi, Others Lead $130MM Financing for BlueVine

BlueVine closed up to $130 million in new debt financing to enable the online invoice factoring lender to rollout new products.

SVB Provides $6MM Term Loan to Allurion Technologies

Allurion Technologies, maker of the Elipse Balloon weight-loss device, closed a $6 million term loan with Silicon Valley Bank to support new creative initiatives.

MTBC Secures $5MM Credit Facility with Silicon Valley Bank

MTBC, a provider of cloud-based healthcare IT solutions, entered into a $5 million secured line of credit to support growth initiatives with Silicon Valley Bank.