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