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News Stories (69 Results) - Silicon Valley Bank

Impel NeuroPharma closed a $50 million debt facility with Oxford Finance and Silicon Valley Bank, of which the first $20 million was funded at closing.“This strategic debt financing, coupled with our current cash, increases our balance sheet strength... Read Story
July 08, 2021, 07:50 AM

PLAYSTUDIOS entered into a new $75 million, five-year secured revolving credit facility to support its future growth initiatives. The New Credit Facility also provides the Company with an option to increase the credit facility for up to an additional... Read Story
June 28, 2021, 07:16 AM

INmune Bio entered into a new $15 million credit facility with Silicon Valley Bank (SVB) and an affiliate of SVB Financial Group. INmune intends to use the proceeds from the facility to partially fund the buyout of an option held by Xencor, Inc.... Read Story
June 15, 2021, 07:30 AM

Freshlocal Solutions entered into a new $15 million credit financing facility with Silicon Valley Bank."This non-dilutive credit facility provides us with important financial and operating flexibility at terms that we believe are favorable to the... Read Story
May 20, 2021, 07:40 AM

Eyenovia entered into a new $25 million credit financing facility with Silicon Valley Bank.“This non-dilutive credit facility provides us with a significant amount of financial and operating flexibility at terms that we believe are favorable to the... Read Story
May 11, 2021, 07:36 AM

Venture capital (VC) dealmaking started strong in the first quarter of 2021 with an uptick in mega-deals and increased participation of nontraditional investors, according to the PitchBook-NVCA Venture Monitor, the authoritative quarterly report on... Read Story
April 15, 2021, 08:09 AM

Fluent entered into a new five-year credit agreement, consisting of a $50.0 million term loan and a revolving credit facility of up to $15.0 million, provided by Citizens Bank as administrative agent, lead arranger and bookrunner, and BankUnited and... Read Story
April 01, 2021, 07:20 AM

Liquidia Corporation closed a debt facility on February 26, 2021, with Silicon Valley Bank, which provides Liquidia with up to $20.5 million in term loans of which the first $10.5 million was funded at closing.Under the terms of the debt facility... Read Story
March 03, 2021, 07:00 AM

Healthcare venture fundraising soared to $17 billion in 2020, a 57% increase over 2019's record, according to Silicon Valley Bank (SVB). Investment in venture-backed companies also rose to a new high of $51 billion.SVB's 10th annual Healthcare... Read Story
January 07, 2021, 08:25 AM

Avid Technology entered into a new five-year $180 million term loan and $70 million revolving credit facility with JPMorgan Chase Bank, N.A. and a syndicate of banks. The proceeds from the new term loan, plus available cash on hand, were used to... Read Story
January 06, 2021, 08:00 AM

Verona Pharma plc, a clinical-stage biopharmaceutical company focused on respiratory diseases, announces that it has entered into a debt financing facility for up to $30 million (“debt facility”) with Silicon Valley Bank (SVB). The non-dilutive... Read Story
November 23, 2020, 08:15 AM

Kerecis Limited, a regenerative-medicine biologics company, has secured $21 million in new financing. Silicon Valley Bank is providing a revolving line of credit of up to $15 million to meet the company’s near-term working-capital needs. Also, the... Read Story
August 27, 2020, 08:45 AM

Flexion entered into an amendment to its credit and security agreement with Silicon Valley Bank as agent, MidCap Financial Trust, Flexpoint MCLS Holdings, LLC, and the other lenders from time to time party thereto.  Pursuant to the amendment, the... Read Story
May 19, 2020, 09:20 AM

Organogenesis Holdings Inc., a leading regenerative medicine company focused on the development, manufacture, and commercialization of product solutions for the Advanced Wound Care and Surgical and Sports Medicine markets, announced a new credit... Read Story
March 15, 2019, 08:00 AM

MTBC, a provider of revenue cycle and cloud-based healthcare IT solutions, announced that Silicon Valley Bank has increased its secured line of credit, which is currently untapped, to $10 million to support future growth. "In the year since we... Read Story
September 24, 2018, 07:09 AM

Achaogen, Inc., a late-stage biopharmaceutical company developing innovative antibacterials addressing multi-drug resistant (MDR) gram-negative infections, has entered into a new secured credit facility with Silicon Valley Bank (SVB), the bank of the... Read Story
March 02, 2018, 07:16 AM

Elysium Health, Inc., a NYC-based consumer health company developing scientifically-sound dietary supplements, secured a $5 million credit facility. Silicon Valley Bank (SVB) provided the financing.The working capital line of credit can be used for... Read Story
June 30, 2017, 07:11 AM

The Spectranetics Corporation announced that it has amended its existing credit facilities led by MidCap Financial and Silicon Valley Bank to increase the total senior secured facility to $140 million. The amended credit facility consists of a $90... Read Story
June 12, 2017, 07:14 AM

Silicon Valley Bank announced that Michael Descheneaux, SVB Financial Group’s Chief Financial Officer, has been promoted to president of Silicon Valley Bank and Daniel Beck, former CFO of Bank of the West, will become SVB Financial Group’s CFO... Read Story
May 15, 2017, 08:03 AM

Avidbank Holdings, Inc., parent company of Avidbank, announced today that Geoff Butner has joined the Bank as Senior Vice President and Deputy Chief Credit Officer. Butner brings nearly 30 years of experience in banking and financial services, most... Read Story
December 16, 2016, 07:18 AM

Silicon Valley Bank announced that it has provided a $25 million revolving line of credit to  A10 Networks, a leader in application networking and security. The credit facility provides A10 Networks with access to additional working capital when... Read Story
December 05, 2016, 07:23 AM

ESSA Pharma Inc., a pharmaceutical company focused on the development of small molecule drugs for the treatment of prostate cancer, announced that it has secured a US$10 million growth capital term loan facility from Silicon Valley Bank ("SVB" or the... Read Story
November 22, 2016, 07:22 AM

Horizon Technology Finance Corporation announced that Horizon and Silicon Valley Bank (“SVB”), have provided a $25 million venture loan facility for vTv Therapeutics Inc., a clinical-stage biopharmaceutical company committed to the discovery and... Read Story
November 16, 2016, 07:22 AM

Hercules Capital, Inc. announced the appointment of Paul Gibson as Managing Director in the Technology Group in Hercules’ Washington DC office.“I am pleased to welcome Paul to Hercules and to have such a seasoned investment professional join our... Read Story
September 08, 2016, 07:18 AM

Silicon Valley Bank (SVB) announced it has entered into a corporate banking partnership with GENBAND™, a global leader in real-time communications solutions, to help support GENBAND's growth initiatives.  In addition to providing domestic and... Read Story
July 28, 2016, 07:35 AM

Ebix, Inc., a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, announced the expansion of its existing credit facility from $240 million to $400 million, to fund its... Read Story
June 20, 2016, 07:36 AM

Vonage Holdings, a provider of cloud communications services for businesses, has completed the acquisition of privately-held Nexmo for $230 million and closed on an expanded $450 million credit facility. San Francisco-based Nexmo provides application... Read Story
June 07, 2016, 07:56 AM

Xtant Medical Holdings announced the completion of an accounts receivable revolver credit facility with Silicon Valley Bank to provide up to $6 million in funds to the company.Dan Goldberger, Chief Executive Officer, commented, "We are extremely... Read Story
May 27, 2016, 07:34 AM

Intacct, a leading provider of best-in-class cloud ERP software, announced it has secured an additional $40 million of financing. The new debt facility with Silicon Valley Bank will be available to provide flexibility and drive continued growth. In a... Read Story
May 05, 2016, 07:58 AM

Oxford Finance LLC and Silicon Valley Bank announced the closing of a $45 million term loan to Nuvectra Corporation ("the Company" or "Nuvectra"). The facility is comprised of a $40 million senior secured term loan and a $5 million line of credit.... Read Story
April 22, 2016, 07:52 AM

Square 1 Bank, a division of Pacific Western Bank, announced that Frank Tower has been appointed as division president. In his new role, Tower leads the national venture banking practice and will focus on deepening existing relationships and growing... Read Story
March 11, 2016, 07:37 AM

Underground Elephant, an online performance-based marketing company that drives high-efficiency sales growth for vertically-oriented customer acquisition programs, announced that it has secured $9 million in credit facilities from Silicon Valley Bank... Read Story
February 18, 2016, 07:26 AM

Cambridge Bancorp and its subsidiary, Cambridge Trust Company, announced the appointment of Scott Chamberlin as Senior Vice President to lead their Innovation Banking Group. Chamberlin previously served as Senior Vice President of Bridge Bank where... Read Story
February 11, 2016, 08:06 AM

The Spectranetics Corporation has completed the refinancing of its outstanding debt and closed on a new $110 million senior secured credit facility led by Midcap Financial and Silicon Valley Bank.  The new facility consists of a $60 million term loan... Read Story
December 08, 2015, 07:38 AM

Oxford Finance and Silicon Valley Bank announced the closing of a credit facility with SI-BONE, Inc. The facility includes a $35.2 million senior secured term loan and a $4 million line of credit. SI-BONE expects to use the funds to accelerate the... Read Story
November 18, 2015, 07:18 AM

FilmTrack, the global leader in content and rights management for the worldwide media and entertainment industry, has secured an additional $10 million in growth capital. The new investment is comprised of $5 million in venture debt financing from... Read Story
October 09, 2015, 07:35 AM

Bridge Bank announced the launch of a new banking group -- Life Sciences Group (LSG) -- which will offer customized financial solutions to companies operating in the life sciences sector, including within the biotech, medical devices and pharma... Read Story
September 23, 2015, 07:56 AM

Ocera Therapeutics secured a $20 million debt facility from Oxford Finance and Silicon Valley Bank (SVB). Ocera intends to use the additional capital to support the ongoing development of the company's novel molecule OCR-002 to treat acute and... Read Story
July 31, 2015, 07:31 AM

Square 1 Bank has strengthened its New England team with the addition of several key hires to support the commercial banking needs of entrepreneurs and investors in the region, including Julianne Tamasy as senior vice president and Jeff Griffor as... Read Story
July 10, 2015, 07:23 AM

Square 1 Bank announced that it has strengthened its Midwest team with the addition of new hires, Jay McNeil as managing director and Nick Honigman as vice president, to help lead its life sciences banking efforts. Based in Square 1 Bank's newest... Read Story
June 09, 2015, 07:30 AM

Healthx, Inc. announced the recent completion of a new multi-million dollar credit facility with Silicon Valley Bank. The new capital will be used to refinance existing debt and further promote Healthx’s continuing growth and expansion. Healthx is... Read Story
June 03, 2015, 07:24 AM

Oxford Finance and Silicon Valley Bank announced the closing of a $12 million senior secured term loan agreement with ReShape Medical, Inc. ReShape Medical specializes in a dual-intragastric balloon for weight loss, ReShape Integrated Dual Balloon... Read Story
April 22, 2015, 07:22 AM

ThermiAesthetics, a fast growing, privately held aesthetic technology company, has secured $9 million of debt financing from Cypress Growth Capital and Silicon Valley Bank. The investment will be used to support additional FDA applications, advance a... Read Story
January 06, 2015, 07:07 AM

The PrivateBank announced it has formed a new specialty group focused on technology companies and their venture capital investors and has hired industry veterans John Hoesley and Josh Roberts to drive this important industry vertical. Hoesley and... Read Story
November 20, 2014, 07:19 AM

Kevin Grossman joined White Oak Global Advisors, LLC as managing director of originations, responsible for originating and underwriting new investment opportunities for its private debt funds. He brings nearly 20 years of experience in alternative... Read Story
November 04, 2014, 07:23 AM

TransEnterix, Inc. has expanded its existing agreement with Oxford Finance LLC and Silicon Valley Bank to provide for up to $25.0 million in growth capital."We are pleased to have expanded our relationship with Oxford and Silicon Valley Bank," said... Read Story
September 30, 2014, 07:19 AM

CVRx, Inc., a private medical device company, announced it secured a $15 million growth capital debt facility from Silicon Valley Bank. "Obtaining this funding significantly extends our cash availability to advance CVRx's hypertension and heart... Read Story
September 22, 2014, 07:31 AM

Ebix, Inc., a leading provider of On-Demand software and E-commerce services to the insurance and financial industries, announced that it has closed on a $150,000,000 credit line as of August 5, 2014, to fund its growth and share repurchase... Read Story
August 07, 2014, 07:22 AM

Trovagene, Inc. has secured an unrestricted debt facility in the amount of $15 million from Silicon Valley Bank and Oxford Finance LLC. The additional capital will be used to support ongoing development and commercialization activities for the... Read Story
July 03, 2014, 07:18 AM

Astea International Inc., a global provider of service management and mobile workforce solutions, has obtained a two year revolving line of credit for working capital needs from Silicon Valley Bank (SVB) for $3 million. The secured revolving line of... Read Story
June 16, 2014, 07:32 AM

Evoke Pharma, Inc., a specialty pharmaceutical company focused on treatments for gastrointestinal (GI) diseases, announced that it has secured a $4.5 million term loan agreement with Square 1 Bank. In advance of this transaction, Evoke repaid the... Read Story
May 29, 2014, 07:19 AM

Bit Stew Systems Inc., a world-leading provider of integrated, real-time network operations for the utility industry, announces the successful closing of a $3.5 million credit facility with Silicon Valley Bank.Jim Temple, CFO, Bit Stew Systems says, ... Read Story
May 28, 2014, 06:59 AM

Assurex Health, a personalized medicine company that provides clinically-relevant individualized genetic information to help physicians select the right medication for patients with depression, anxiety, chronic pain, ADHD and other neuropsychiatric... Read Story
May 22, 2014, 07:19 AM

Q1Media, Inc., an online advertising technology company, announced that it has secured debt facilities totaling $8 million to expand its operations. Silicon Valley Bank provided $5 million in senior debt and Partners for Growth agreed to provide $3... Read Story
April 02, 2014, 07:10 AM

GSV Capital Corp. announced that it has entered into a new $18 million senior secured credit facility with Silicon Valley Bank.Effective as of December 31, 2013, GSV entered into a Loan and Security Agreement (the "Loan Agreement"), with Silicon... Read Story
January 23, 2014, 07:46 AM

Amicus Therapeutics, a biopharmaceutical company at the forefront of therapies for rare and orphan diseases, has completed a $25 million long-term debt financing with a lending syndicate consisting of MidCap Financial, LLC, Oxford Finance LLC, and... Read Story
December 30, 2013, 08:04 AM

Rocket Fuel Inc., announced that it had entered into a $100 million syndicated credit facility led by Comerica Bank on December 20, 2013. The syndicate also includes Silicon Valley Bank and City National Bank. This credit facility amends and restates... Read Story
December 27, 2013, 07:45 AM

Jibe, Inc. closed a $4 million credit facility from Silicon Valley Bank lending greater viability to Jibe’s position as one of the fastest-growing technology innovators in the recruiting and human capital management (HCM) market and will be used to... Read Story
October 31, 2013, 07:24 AM

Demand Media has entered into a new $225 million credit facility comprised of a $125 million revolving credit facility and a $100 million term loan. The new facility, which matures in August 2018, replaces the company’s existing $105 million... Read Story
September 04, 2013, 07:46 AM

Epiq Systems, Inc. announced that the company has closed a new $400 million senior secured credit facility. The facility includes a $100 million revolver due August 2018 and a $300 million term loan with a maturity of August 2020. The new facility... Read Story
August 28, 2013, 07:49 AM

Mattersight Corporation announced that it has entered into a new credit facility with Partners for Growth (PfG). The facility provides for a $3 million revolving line of credit maturing in 2016 and an additional $2 million convertible term loan. The... Read Story
August 23, 2013, 07:16 AM

Pacific Mercantile Bancorp announced Robert Anderson has joined Pacific Mercantile Bank, its wholly owned subsidiary, as Executive Vice President, Head of Asset Based Lending. Anderson will be leading the Bank's effort to grow its asset based loan... Read Story
August 16, 2013, 07:57 AM

TeleCommunication Systems, together with several of its domestic subsidiaries (collectively, the Borrowers), have closed on a new credit agreement dated June 25, 2013. Silicon Valley Bank  is the administrative agent, co-lead arranger and joint... Read Story
June 27, 2013, 07:53 AM

Square 1 Bank announced that Mark Breneman has joined as senior vice president covering the Los Angeles and Orange County region. Based in Orange County, Breneman will be responsible for building the bank’s portfolio of clients in the technology and... Read Story
June 27, 2013, 07:44 AM

ARI Network Services announced today the closing of new senior secured credit facilities with Silicon Valley Bank. The new credit facilities are structured to help ARI better facilitate its growth strategies. Under terms of the agreement, the... Read Story
April 26, 2013, 07:09 AM

Appia, a mobile user acquisition network, secured $5 million in debt funding from Portland, ME-based venture capital firm North Atlantic Capital while expanding its facility with Silicon Valley Bank. The capital will be invested primarily in sales... Read Story
April 18, 2013, 07:15 AM

Mattson Technology, a leading supplier of advanced process equipment used to manufacture semiconductors, today the company entered into a three-year revolving credit facility for $25 million with Silicon Valley Bank. Upon closing, the company... Read Story
April 15, 2013, 07:46 AM

Diodes Incorporatedsecured a five-year $300 million revolving senior credit facility. Bank of America acted as administrative agent and Merrill Lynch, Pierce, Fenner & Smith Inc. served as sole lead arranger and sole book runner. The credit facility... Read Story
January 09, 2013, 07:16 AM

Rubicon Technology, a provider of sapphire substrates and products to the LED, semiconductor, and optical industries, today announced the closing of a three year $25 million secured revolving credit facility with Silicon Valley Bank. “This undrawn... Read Story
January 04, 2013, 07:21 AM