MAVA Member Silicon Valley Bank Injects $15MM in Mezzanine Debt Financing into IPG
IPG, the recognized industry-leading provider of Device Benefit Management™ solutions, announced today that they are expanding their long-time partnership with Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, to include $15MM in Mezzanine Debt financing. The new facility will enable the replacement of an existing $10MM facility on more favorable terms.
“We’re pleased to continue our partnership with IPG as they expand and scale their portfolio of surgical and implantable device management solutions,” said Dale Kirkland, Managing Director for Silicon Valley Bank in Atlanta. “Our aim is to provide the IPG team with the right financing, connections and global services that they need to move their business forward quickly.”