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.
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.
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.
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.
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.
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.
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.
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.
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.