Silicon Valley Bank Arranges $55MM Financing for US HealthVest

Silicon Valley Bank led a $55 million senior secured term loan for US HealthVest, a developer and operator of behavioral health facilities. The financing included a $30 million first lien revolving line and term loan from SVB and a $25 million second lien term loan from a third party.

SVB, MidCap Financial Provide $100MM Facility to Organogenesis

SVB and MidCap Financial entered a $100 million credit agreement with Organogenesis, a regenerative medicine company focused on product solutions for the advanced wound care and surgical and sports medicine markets.

Silicon Valley Bank Opens Canadian Headquarters in Toronto

Silicon Valley Bank opened its Canadian headquarters in Toronto, where it will provide in-market commercial financing solutions to private and public technology and life science companies and their investors across Canada.

OnDeck Receives $85MM Revolver Arranged by SunTrust, SVB

Small business online lender OnDeck closed an $85 million corporate revolving credit facility. SunTrust Bank and Silicon Valley Bank served as arrangers on the facility, while MB Financial Bank and Congressional Bank joined them as lenders.

App Developer Fair Closes $50MM Debt Facility with SVB

Car app company Fair closed a $50 million debt facility with Silicon Valley Bank. The funds will be used to buy cars for the company’s users as it begins to scale globally.

JPMorgan Chase, BofAML Arrange $145MM Facility for Jam City

JPMorgan Chase Bank acted as sole bookrunner and, alongside Bank of America Merrill Lynch, joint lead arranger on $145 million in strategic financing for mobile game developer Jam City.

SVB Names Cox to COO, Platts to EMEA Head/UK Branch President

Silicon Valley Bank appointed Phil Cox its new chief operations officer. Erin Platts will take over as head of EMEA and president of the UK Branch from Cox. Both will take on their new duties on April 1, 2019.

SVB Acquires Healthcare Investment Bank Leerink Partners

SVB Financial Group, parent company of Silicon Valley Bank, completed its acquisition of Boston-based healthcare and life science investment bank Leerink Partners.

SVB, MidCap Financial Provide $25MM Term Loan to Ocular Therapeutix

MidCap Financial and Silicon Valley Bank provided a new $25 million term loan to Ocular Therapeutix, a biopharmaceutical company focused on the development of therapies for diseases and conditions of the eye.

Regions Agents $100MM Expansion of Ebix Credit Facility

Ebix expanded its existing syndicated credit facility by an additional $100 million. Regions Bank led the banking group and served as both administrative and collateral agent on the transaction.