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.

SVB, MidCap Upsize Vericel Facility to $20MM

MidCap Financial and Silicon Valley Bank expanded a term loan and revolving line of credit to $20 million for Vericel.

Silicon Valley Provides $15MM Facilities for Vericel

Vericel entered into a term loan and revolving line of credit agreement with Silicon Valley Bank, providing access to up to $15 million of new capital to the company to be used for general corporate purposes.