OncoCyte amended its loan and security agreement with Silicon Valley Bank pursuant to which Oncocyte obtained a new $3 million secured credit facility.
Barclays Bank, Citibank, HSBC and Silicon Valley Bank provided a revolving credit facility of up to €140 million ($154.4 million) to Keywoods Studios.
SVB and MidCap Financial entered a $100 million credit agreement with Organogenesis, a regenerative medicine company focused on product solutions for the advanced wound care and surgical and sports medicine markets.
Small business online lender OnDeck closed an $85 million corporate revolving credit facility. SunTrust Bank and Silicon Valley Bank served as arrangers on the facility, while MB Financial Bank and Congressional Bank joined them as lenders.
Car app company Fair closed a $50 million debt facility with Silicon Valley Bank. The funds will be used to buy cars for the company’s users as it begins to scale globally.
Silicon Valley Bank appointed Phil Cox its new chief operations officer. Erin Platts will take over as head of EMEA and president of the UK Branch from Cox. Both will take on their new duties on April 1, 2019.
MidCap Financial and Silicon Valley Bank provided a new $25 million term loan to Ocular Therapeutix, a biopharmaceutical company focused on the development of therapies for diseases and conditions of the eye.
Silicon Valley Bank appointed Nick Shevelyov as its new chief information officer and Robin Staples as its new chief technology officer. Shevelyov succeeds Roger Leone, who is retiring at the end of the year.
Silicon Valley Bank provided a $10 million credit facility to Onit, a provider of enterprise legal management, contract management and business process automation solutions.