Silicon Valley Bank Archives

KeyBanc Agents New $100MM Purple Innovation Credit Facility

Purple Innovation executed a new five-year $100 million senior secured credit facility, consisting of a $45 million term loan and a $55 million revolving line of credit, with a group of financial institutions led by KeyBanc Capital Markets.

Oxford Finance, SVB Provide $35MM Debt Financing to Selecta Biosciences

Selecta Biosciences entered into a debt financing facility for up to $35 million with Oxford Finance and Silicon Valley Bank. Selecta will use the financing to retire $12.6 million of existing debt, to advance its ImmTOR pipeline and for business development activities.

September 3, 2020 Brad Dahms | Christopher A. Herr | Oxford Finance | Ryan Roller | Silicon Valley Bank Phil Neuffer

Silicon Valley Bank Provides $40MM in Debt Financing to FireMon

FireMon secured a debt financing of $40 million from Silicon Valley Bank. FireMon, which experienced more than 300% sequential growth in Q2/20 compared with Q1/20, will use the additional funding to accelerate sales momentum and product innovation.

September 2, 2020 FireMon | Jordy Samiljan | Satin H. Mirchandani | Silicon Valley Bank Phil Neuffer

Silicon Valley Bank, Investec Close $265MM in Credit Facilities for Sunrun

Silicon Valley Bank (SVB) and Investec Bank closed $265 million in credit facilities for Sunrun. Silicon Valley Bank acted as the administrative agent and both Silicon Valley Bank and Investec were coordinating lead arrangers.

August 28, 2020 Bret Turner | Investec CIB | Silicon Valley Bank | Sunrun | Tom vonReichbauer Phil Neuffer

Silicon Valley Bank Lines Up $15MM Revolving Line of Credit for Kerecis

Silicon Valley Bank is providing an up to $15 million asset-based revolving line of credit to Kerecis to support the company’s near-term working capital needs. In addition, Kerecis’ leading investors and other lenders provided the company with $6 million in loans that largely consist of convertible notes. The funding will be used to support the […]

August 27, 2020 G. Fertram Sigurjonsson | Julie Betts | Kerecis | Silicon Valley Bank Phil Neuffer

SVB Supplies $15MM Credit Facility to Nasuni

Silicon Valley Bank provided a $15 million credit facility to Nasuni as part of a combined $40 million financing package that also included $25 million in new equity financing.

SVB Supplies $10MM Term Loan to HTG Molecular Diagnostics

Silicon Valley Bank replaced HTG Molecular Diagnostics’ existing senior credit facility with a $10 million senior term loan agreement.

June 26, 2020 HTG Molecular Diagnostics | Igor DaCruz | Shaun McMeans | Silicon Valley Bank Phil Neuffer

BofA, BBVA, PNC Agent $670MM Credit Facility for Diodes

BofA Securities, BBVA Securities and PNC Capital Markets acted as joint lead arrangers and joint bookrunners on a three-year, $670 million secured credit facility for Diodes Incorporated.

JPMorgan Chase, SVB Arrange $150MM Revolver for Beyond Meat

JPMorgan Chase Bank and Silicon Valley Bank served as joint bookrunners and joint lead arrangers on a $150 million five-year secured revolving credit facility to Beyond Meat.

April 23, 2020 Beyond Meat | JPMorgan Chase Bank | Mark Nelson | Silicon Valley Bank Phil Neuffer

Silicon Valley Bank Provides $11MM Term Loan to Aclaris Therapeutics

Aclaris Therapeutics, a physician-led biopharmaceutical company, entered into a loan and security agreement with Silicon Valley Bank pursuant to which Aclaris has borrowed $11.0 million.

April 1, 2020 Aclaris Therapeutics | Neal Walker | Silicon Valley Bank Phil Neuffer

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