SVB, Oxford Extend Nuvectra Facility Timeline
Nuvectra reached an agreement with the lenders of its $45 million credit facility, Silicon Valley Bank and Oxford Finance, to extend the availability of the final two tranches of the facility.
Nuvectra reached an agreement with the lenders of its $45 million credit facility, Silicon Valley Bank and Oxford Finance, to extend the availability of the final two tranches of the facility.
Heather La Freniere, former EVP of Gibraltar Business Capital, joined Silicon Valley Bank’s Midwest Corporate Finance team as director.
Carbonite acquired Double-Take Software, an affiliate of Vision Solutions and Clearlake Capital. Silicon Valley Bank provided a $39.2 million revolving credit facility to support the transaction.
Aspen Aerogels amended its credit facility with Silicon Valley Bank, extending the maturity date to January 28, 2018 and adjusting some of the convents and cash management procedures.
RELM Wireless amended its loan and security agreement with Silicon Valley Bank as lender. The amendment reduces the maximum borrowing availability to $1 million from $2 million and the maturity date was extended.
Cartiva secured $8.5 million in Series E financing. New Enterprise Associates led the round with participation from Windham Venture Partners and other returning investors. Cartiva also expanded its facility with Silicon Valley Bank.
Endotronix entered into a $12 million term loan agreement with Silicon Valley Bank.
Frankly, a leading technology and monetization platform for media companies, entered into a loan and security agreement with Silicon Valley Bank with an initial amount of $1.5 million.
Myriad Genetics entered into a $300 million credit agreement with a group of lenders led by JPMorgan Chase as administrative agent and collateral agent. Wells Fargo served as syndication agent.
Aspen Aerogels amended its restated loan and security agreement with Silicon Valley Bank. The maturity date was extended to January 29, 2017 and a financial covenant was modified.