Silicon Valley Bank Provides $25MM Credit Facility to Eyenovia

Eyenovia, a clinical stage ophthalmic biopharmaceutical company developing a pipeline of microdose array print therapeutics, entered into a new $25 million credit financing facility with Silicon Valley Bank.

May 11, 2021 Clark Hayes | Eyenovia | Sean Ianchuley | Silicon Valley Bank Ian Koplin

SVB-Led Syndicate Provides $120MM in Financing to Accuray

Accuray entered into a new five-year, $80 million term loan and $40 million revolving credit facility. Silicon Valley Bank acted as administrative agent and sole bookrunner for the new credit facility.

May 7, 2021 Accuray | Comercia Bank | HSBC Bank | MidCap Financial | Shig Hamamatsu | Silicon Valley Bank Ian Koplin

Oxford Finance and SVB Amend Loan Agreement with Xeris Pharmaceuticals

Xeris Pharmaceuticals, a specialty pharmaceutical company, entered into an amendment to its existing loan and security agreement with Oxford Finance and Silicon Valley Bank. The amendment allows for extensions of interest-only payments for up to 12 months.

May 7, 2021 Christopher Herr | Oxford Finance | Paul R. Edick | Silicon Valley Bank | Xeris Pharmaceuticals Ian Koplin

Silicon Valley Bank Provides $50MM Debt Facility to Humacyte

Humacyte, a clinical-stage biotechnology platform company, closed a secured debt financing facility with Silicon Valley Bank for up to $50 million, with the first $20 million funded at closing.

April 15, 2021 Humacyte | Laura Niklason | Scott McCarty | Silicon Valley Bank Ian Koplin

Citizens, BankUnited, SVB Provide $65MM Credit Facility to Fluent

Citizens Bank served as administrative agent, lead arranger and bookrunner on a credit agreement consisting of a $50 million term loan and a revolving credit facility of up to $15 million for Fluent. BankUnited and Silicon Valley Bank also participated in the deal.

April 1, 2021 Alex Mandel | BankUnited | Citizens Bank | Ryan Schulke | Silicon Valley Bank Ian Koplin

BMO Harris Supplies $200MM Revolver to Digi International

Digi International entered into an amended and restated credit agreement with BMO Harris Bank as administrative agent and collateral agent. The new facility provides Digi with a $200 million senior secured revolving credit facility with an option to increase the size of the facility by $75 million.

March 22, 2021 BMO Capital Markets | BMO Harris Bank | Citizens Bank | Digi International | Jamie Loch | Silicon Valley Bank | U.S. Bank Phil Neuffer

Silicon Valley Bank Provides $13MM Credit Facility to Minim

Zoom Telephonics, doing business as Minim, a creator of internet access products, closed on a $13 million credit facility in partnership with Silicon Valley Bank in lieu of its previous $5 million credit facility.

March 16, 2021 Minim | Sarah Kwan | Sean Doherty | Silicon Valley Bank | Zoom Telephonics Rita Garwood

Citizens Amends Ribbon Communications’ Credit Agreement

Ribbon Communications executed a third amendment to its credit agreement. Citizens Bank, as administrative agent under the credit facility, led the amendment, which increased Ribbon’s existing term loan A credit facility by approximately $75 million.

March 8, 2021 Bank of America | Bank of Hope | Barclays Bank | Citibank | Citizens Bank | Fifth Third Bank | HSBC Bank | JPMorgan Chase Bank | M&T Bank | Miguel Lopez | Ribbon Communications | Santander Bank | Silicon Valley Bank Phil Neuffer

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