- Apollo Closes on $8.5 Billion for Accord+ Strategy, Including $4.8 Billion for Second Vintage Fund
- Lennox International Refinances Credit Facility, Extends Maturity
- MidCap Business Credit Closes Revolving Line of Credit for Allied Dairy Products, Inc.
- Unifrax Obtains Committed Debt Financing from J.P. Morgan Led Consortium to Support Clearlake Capital-Backed Acquisition of Lydall, Inc.
- Goodnight Midstream Announces Closing of Private Placement, New Revolving Credit Facility
Invivyd Enters $30 Million Term Loan Facility With Silicon Valley Bank
April 21, 2025
Source: Nasdaq
(RTTNews) - Invivyd (IVVD) has signed a $30 million term loan facility with Silicon Valley Bank, a division of First Citizens Bank. The deal allows for drawdown of capital in the future if certain conditions and milestones are met.
"We are pleased to have secured this term loan facility ahead of important anticipated catalysts, including gaining alignment with the FDA on the regulatory pathway of our pipeline candidate, VYD2311," said Bill Duke, CFO of Invivyd.
VYD2311 is a monoclonal antibody candidate being developed for COVID-19 to continue to address the urgent need for new prophylactic and therapeutic options.