SVB Provides $20.5MM Debt Facility to Liquidia

Silicon Valley Bank closed a debt facility for Liquidia Corporation, providing up to $20.5 million in term loans. Of the total, $10.5 million was funded at closing.

March 3, 2021 Liquidia Corporation | Liquidia PAH | Liquidia Technologies | Michael Kaseta | Scott McCarty | Silicon Valley Bank Phil Neuffer

SVB and Trinity Capital Close $126.6MM Debt Facility for Petal

Silicon Valley Bank provided a $100 million debt facility and Trinity Capital closed a $26.6 million facility for Petal, a specialty credit card company.

February 25, 2021 Andrew Endicott | Brain Foley | Jefferies | Kyle Brown | Nate Huebscher | Petal | Silicon Valley Bank | Trinity Capital Phil Neuffer

SVB Delivers $100MM Warehouse Facility to Stilt

Silicon Valley Bank provided a $100 million warehouse facility to Stilt, a provider of financial services for immigrants. The debt facility will be used for lending to borrowers and checking account holders.

January 28, 2021 DACA | Nick Christian | Rohit Mittal | Silicon Valley Bank | Stilt Phil Neuffer

SVB Provides $30.42MM in Debt Financing for Affimed

Silicon Valley Bank German Branch provided immuno-oncology company Affimed with up to $30 million (€25 million) in term loans for debt financing.

January 11, 2021 Affimed | Angus Smith | Nooman Haque | Oscar Jazdowski | Silicon Valley Bank Phil Neuffer

JPMorgan, Citizens, PNC, SVB and Truist Arrange $250MM in Debt Refinancing for Avid

JPMorgan Chase and a syndicate of banks arranged a five-year, $180 million term loan and a $70 million revolving credit facility to refinance existing debt for Avid, a media and entertainment technology provider.

January 6, 2021 Avid | Cerberus Business Finance | Citizens Bank | Jeff Rosica | JPMorgan | Ken Gayron | PNC Capital Markets | Silicon Valley Bank | Truist Securities Phil Neuffer

Citizens, Wells Fargo and SVB Arrange $65MM Credit Facility for Harvard Bioscience

Citizens Bank acted as administrative agent and Wells Fargo Bank and Silicon Valley Bank acted as joint bookrunners, joint lead arrangers and syndication agents on a $65 million credit facility for Harvard Bioscience, a manufacturer of drug development technologies and products.

December 23, 2020 Citizens Bank | Harvard Bioscience | Michael Rossi | Silicon Valley Bank | Wells Fargo Bank Phil Neuffer

Clearbanc and SVB Partner to Deploy New Capital to Pre-Venture Funded Startups

Clearbanc, an e-commerce investor and funding platform, and Silicon Valley Bank entered a new partnership to accelerate the growth of U.S.-based early-stage technology companies.

December 8, 2020 Ashraf Hebela | Clearbanc | Michele Romanow | Silicon Valley Bank Ellie Delany

Silicon Valley Bank Provides Verona Pharma with $30MM in Debt Financing

Silicon Valley Bank entered an agreement to provide a debt financing facility for up to $30 million for Verona Pharma, a clinical-stage biopharmaceutical company focused on respiratory diseases.

November 23, 2020 David Zaccardelli | Silicon Valley Bank | Verona Pharma Ellie Delany

Silicon Valley Bank Provides Risk Retention Facility to SoFi

Silicon Valley Bank entered into a multi-million risk retention financing agreement for SoFi, a digital personal finance company, to provide financing for the company’s risk retention bonds as part of its asset-backed securities issuance requirements.

November 20, 2020 Chris Lapointe | Nick Christian | Silicon Valley Bank | SoFi Ellie Delany

Investec Agents $200MM Debt Financing for Cypress Creek

Investec Power and Infrastructure Finance acted as sole bookrunner, coordinating lead arranger and administrative agent on a seven-year, $200 million debt financing facility for a holding company of Cypress Creek Renewables.

November 11, 2020 Credit Agricole | Cypress Creek Renewables | East West Bank | Investec Power and Infrastructure Finance | Kirkland & Ellis | Michael Pantelogianis | Milbank | Rebecca Cranna | Silicon Valley Bank Ellie Delany