Silicon Valley Bank Archives

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.

Hercules Capital and SVB Provide $75MM Loan Facility to Geron

Hercules Capital and Silicon Valley Bank provided a loan facility of up to $75 million for Geron, supporting the company with access to non-dilutive financial resources to support its imetelstat development program.

October 2, 2020 Geron | Hercules Capital | Imetelstat | Olivia K. Bloom | Silicon Valley Bank Phil Neuffer

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.

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