SVB, MidCap Financial Provide $100MM Facility to Organogenesis

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.

OnDeck Receives $85MM Revolver Arranged by SunTrust, SVB

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.

App Developer Fair Closes $50MM Debt Facility with SVB

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.

SVB Names Cox to COO, Platts to EMEA Head/UK Branch President

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.

SVB, MidCap Financial Provide $25MM Term Loan to Ocular Therapeutix

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.

SVB Expands Executive Team

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.

SVB Provides $10MM Credit Facility to Onit

Silicon Valley Bank provided a $10 million credit facility to Onit, a provider of enterprise legal management, contract management and business process automation solutions.

SVB Provides $8MM Growth Capital to Perfect Sense

Silicon Valley Bank provided a new credit facility and term loan agreement to Perfect Sense. The financing will provide up to $8 million in growth capital to accommodate projected growth and product innovation.

SVB Hires Three for Energy & Resource Innovation

Silicon Valley Bank expanded its Energy and Resource Innovation practice by hiring Kerri L. Fox, Karin Logan and Tai Pimputkar.

SVB Provides SunLink Solar Growth Credit Line

SunLink engaged Silicon Valley Bank to provide a new line of credit and other financial services in support of the company’s continued expansion.