Eloxx Pharmaceuticals entered into a debt facility of up to $30 million with Hercules Capital, a specialty financing lender for life science and technology companies. Eloxx has drawn the initial tranche of $12.5 million and used the proceeds to repay in full amounts outstanding under its existing debt facility.
Stealth BioTherapeutics, a clinical-stage biotechnology company focused on the discovery, development and commercialization of novel therapies for diseases involving mitochondrial dysfunction, completed a $25 million long-term debt facility led by Horizon Technology Finance.
CNH Finance completed $45.5 million in new commitments throughout Q2/21, including senior credit facilities to multiple skilled nursing facilities, a hospital and a healthcare record management company.
UPshow, an in-venue entertainment and marketing platform that develops interactive digital TV networks, closed a $10 million venture debt facility led by Espresso Capital. UPshow will use the funds to make investments in its product development and go-to-market engine.
TradeCap Partners secured a $1.6 million purchase order finance facility for a brand supplier of houseware goods based in North Carolina. The facility will support the company’s expansion into the retail channel, complementing its direct-to-consumer business.
Kore.ai, a conversational artificial intelligence software company, raised $70 million in funding, including a $20 million credit facility from Sterling National Bank.
Betterment secured $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility. ORIX’s growth capital group acted as lead arranger and agent for the credit facility.
Siena Healthcare Finance provided a $12 million working capital facility for a private equity-backed, multi-state provider of specialty pharmaceutical, infusion and nutritional therapy services for patients with chronic illnesses and health issues.
Gerald Group, an independent and employee-owned metals trading house, refinanced GT Commodities’ borrowing base facility at $450 million. GT Commodities is Gerald Group’s North American trading hub.
Horizon Technology Finance, a specialty finance company providing capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services and sustainability industries, closed a $30 million venture loan facility for Dropoff.