debt
confidence high
sentiment neutral
materiality 0.60
Invivyd secures $30M non-dilutive term loan facility with Silicon Valley Bank
Invivyd, Inc.
- Up to $30M term loan facility split into three $10M tranches available upon meeting financial covenants and net product revenue milestones.
- Interest rate at WSJ prime minus 0.25% (floor 6%, cap 9%), maturity March 1, 2029; prepayment premiums 3%-0% sliding over three years.
- Loan secured by substantially all assets excluding IP; financial covenants include minimum net product revenue and minimum cash/EBITDA thresholds.
- Proceeds for working capital; company highlights non-dilutive nature and potential FDA alignment on VYD2311 as catalyst.