SI-BONE enters $35M SVB term loan, repays $41.7M Solar Capital facility

SI-BONE, Inc.

$35M term loan from Silicon Valley Bank at greater of 5.75% or prime+2.5%; matures Aug 2025 or Aug 2026 if milestone met.
Proceeds used to repay Solar Capital term loan; total payment $41.7M ($41M principal+final fee, $0.6M prepayment fees).
Loan secured by substantially all assets except IP; includes affirmative/negative covenants and customary events of default.
Monthly principal amortization starts Sep 2023; prepayment fee 1% if within 2 years, 0% after.

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