Silicon Valley Bank Archives

Silicon Valley Bank and Hercules Capital Provide $300MM Credit Facility to Oak Street Health

Silicon Valley Bank and Hercules Capital provided a $300 million credit facility to Oak Street Health, a network of value-based primary care centers for adults on Medicare. The financing is intended to provide Oak Street Health with operational and strategic capital for the next several years.

MidCap Financial and Silicon Valley Bank Provide $100MM Term Loan and Line of Credit to ViewRay

ViewRay entered into a new five-year loan facility agreement with MidCap Financial and Silicon Valley Bank. The agreement consists of a term loan of up to $100 million and a revolving line of credit of up to $25 million.

November 15, 2022 MidCap Financial | Silicon Valley Bank | Viewray | Zach Stassen Ian Koplin

National Bank of Canada Leads Syndicate Providing $60MM Credit Facility to Alida

Alida, a provider of experience management, secured a $60 million syndicated credit facility from National Bank of Canada through its technology and innovation banking group.

Oxford Finance and SVB Supply $100MM in Financing to ALX Oncology

ALX Oncology, a clinical-stage immuno-oncology company, entered into a loan facility agreement with Oxford Finance and Silicon Valley Bank for up to $100 million of non-dilutive financing.

November 1, 2022 AXL Oncology | Christopher A. Herr | Oxford Finance | Peter Garcia | Silicon Valley Bank Phil Neuffer

Silicon Valley Bank Delivers $150MM in Financing to Icertis

Icertis, a contract management software company, secured $150 million in funding from Silicon Valley Bank. The funding consists of a revolving credit facility and convertible financing.

November 1, 2022 Bob Blee | Icertis | Rajat Bahri | Silicon Valley Bank Phil Neuffer

Tenet Secures Warehouse Facility with Funding from Silicon Valley Bank

Tenet, an electric vehicle financing platform, secured an electric vehicle only warehouse facility by entering into a warehouse financing agreement of up to $20 million with Silicon Valley Bank to fund Tenet’s electric vehicle loans.

October 28, 2022 Alex Liegl | Nick Christian | Silicon Valley Bank | Tenet Ian Koplin

Oxford Finance Provides $150MM Debt Financing to Verona Pharma

Verona Pharma entered into a debt financing facility providing the company with access to up to $150 million from Oxford Finance. The $150 million debt facility replaces the existing $30 million facility with Silicon Valley Bank.

October 17, 2022 Adam K. Soller | David Zaccardelli | Oxford Finance | Silicon Valley Bank | Verona Pharma Ian Koplin

JPMorgan Chase Leads Syndicate Amending $70MM Credit facility for Avid

Avid, a technology provider that powers the media and entertainment industry, entered into an amended secured credit facility with JPMorgan Chase Bank and a syndicate of banks, including $186.7 million in senior secured term loans and a $120 million unfunded revolving line of credit.

Silicon Valley Bank Provides $7MM Venture Debt Facility to e-Zinc

e-Zinc, a provider of sustainable, long-duration energy storage with zinc-air batteries, closed a $7 million venture debt facility with Silicon Valley Bank.

October 13, 2022 e-Zinc | Graeme Millen | James Larsen | Silicon Valley Bank Ian Koplin

Automation Anywhere Secures $200MM in Financing from Three Banks

Automation Anywhere, a global robotic process automation company, secured $200 million in financing from Silicon Valley Bank, SVB Capital and Hercules Capital. The financing is intended to provide operational and strategic capital for the next several years.

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