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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Petal Closes New $125MM Debt Facility from SVB and Trinity Capital
Thursday, February 25, 2021
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Lenders/Participants
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Silicon Valley Bank [Lender]
Trinity Capital [Lender]
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Structure
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Asset-backed Facility
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Amount
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$125.000
Million
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Borrower(s)
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Petal
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Description
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The new facility includes $100 million from Silicon Valley Bank (SVB)and $26.6 million from Trinity Capital Inc. (Trinity Capital). This is Petal’s first asset-backed facility with SVB and Trinity Capital, complementing Petal’s existing $300 million facility with global investment bank Jefferies. In total, Petal has now closed more than $440 million in debt and raised more than $100 million in equity financing.
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Industry
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Technology
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| Related Tags |
Silicon Valley Bank, Trinity Capital
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ABL Advisor
Deal Tables
2025
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