Silicon Valley Bank Archives

Silicon Valley Bank Provides $26.5MM Term Loan Agreement to Savara

Savara, a clinical stage biopharmaceutical company focused on rare respiratory diseases, entered into a term loan agreement of $26.5 million with Silicon Valley Bank to replace its existing credit facility with the bank.

April 25, 2022 Matt Pauls | Savara | Silicon Valley Bank Ian Koplin

Silicon Valley Bank Provides $15MM Debt Financing to Click Therapeutics

Click Therapeutics secured a $15 million term loan from Silicon Valley Bank and used proceeds from the financing in part to retire its existing term loan facility with K2 HealthVentures.

April 18, 2022 Clark Hayes | Click Therapeutics | Randall Stanicky | Silicon Valley Bank Ian Koplin

Silicon Valley Bank Enhances Debt Facility with iRhythm Technologies

iRhythm Technologies, a digital healthcare solutions company focused on the advancement of cardiac care, amended its existing debt facility with Silicon Valley Bank. The agreement improves upon the pricing and terms of iRhythm’s existing credit facility.

March 30, 2022 iRhythm Technologies | Kristina Peralta | Quentin Blackford | Silicon Valley Bank Ian Koplin

Silicon Valley Bank Provides $45MM Credit Facility to EyePoint Pharmaceuticals

EyePoint Pharmaceuticals entered into a loan agreement providing for senior secured credit facilities in the aggregate amount of $45 million with Silicon Valley Bank to replace its existing credit facility with CRG Servicing.

March 14, 2022 EyePoint Pharmaceuticals | George O. Elston | Lauren Cole | Silicon Valley Bank Ian Koplin

JPMorgan Chase Leads Amendment of Progress’ $575MM Credit Facility

Progress, a provider of products to develop, deploy and manage high-impact applications, entered into an amended secured credit facility in the aggregate amount of $575 million. JPMorgan Chase Bank acted as administrative agent for the transaction.

Silicon Valley Bank Provides $40MM Debt Facility to Liquidia

Silicon Valley Bank provided a debt facility to Liquidia that provides up to $40 million in term loans, of which $20 million was funded at closing.

January 10, 2022 Liquidia | Michael Kaseta | Scott McCarty | Silicon Valley Bank Phil Neuffer

HSBC Leads $150MM Senior Secured Credit Facility for Veeco Instruments

Veeco Instruments entered into a senior secured revolving credit facility that enables the company to borrow up to $150 million over a five-year term that expires in December 2026. HSBC Bank is acting as administrative agent and collateral agent for the facility.

SVB and JP Morgan Provide $75MM Revolver to SmartRent

SmartRent entered into a $75 million senior secured revolving credit facility with a five-year term. Silicon Valley Bank, serving as lead arranger and administrative agent, and J.P. Morgan provided the facility.

December 14, 2021 JP Morgan | Lucas Haldeman | Silicon Valley Bank | SmartRent Ian Koplin

SVB Financial Group Expands Tech Investment Banking Team and Capabilities

SVB Financial Group expanded its technology investment banking team with additional hires in the internet, consumer/marketing software, fintech and enterprise software sectors and the launch of technology leveraged finance and equity capital markets capabilities.

Oxford Finance and Silicon Valley Bank Provide $50MM Credit Facility to Viracta Therapeutics

Viracta Therapeutics, a precision oncology company primarily focused on targeting virus-associated malignancies, entered into a loan and security agreement with Silicon Valley Bank and Oxford Finance for up to $50 million.

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