Bridge Bank issued a $4 million accounts receivable-based line of credit to Ride Health, a New York City-based healthcare technology and services company focused on patient transportation. Ride Health will use the line of credit to support working capital needs.
Bridge Bank’s capital finance group issued a $10 million asset-based line of credit to Shippabo, a cloud-based supply chain-management platform serving the shipping and logistics industries.
HighBar Partners, a Menlo Park, CA-based private equity investor, acquired SilkRoad Technology, a global software and cloud-based technology platform designed to increase employee satisfaction and productivity. Debt financing for the transaction was provided by Bridge Bank.
Bessemer Investors, a New York-based investment firm, acquired a stake in Legacy Restoration, a provider of exterior restoration and remodeling services. Tree Line Capital Partners and Bridge Bank, a division of Western Alliance Bank, provided debt financing for the transaction.
Bridge Bank’s Boston-based technology banking group extended a $5 million monthly recurring revenue line of credit to One Medical Passport, a provider of software that helps ambulatory surgery centers and hospitals streamline their systems.
Bridge Bank’s East Bay commercial and industrial banking group extended a $2.5 million credit facility to NORCAL Ambulance, a specialty-care transport company administratively based in Livermore, CA, with stations throughout Northern California.
Fennec Pharmaceuticals, a specialty pharmaceutical company, amended its existing senior debt facility with the life sciences group at Bridge Bank, increasing the size of the facility from $18 million to $20 million.
Bridge Bank closed a $25 million credit facility with Targeted Lease Capital, a Williamsville, NY-based company that provides equipment finance loans to small businesses.
Bridge Bank’s technology banking group extended a $15 million growth capital term loan to Examity, a technology company concentrating on the online proctoring market.
Tree Line Capital Partners served as last-out lender for a first lien credit facility to support Alianza’s acquisition of CounterPath. Bridge Bank served as administrative agent and provided a first-out term loan and revolver to support the transaction.