SVB Lends $200 Million in First Syndicated Loan Since Collapse

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1970-01-01 08:00

Silicon Valley Bank will lead a more than $200 million financing facility for Pivot Energy Inc.’s multi-state portfolio

Silicon Valley Bank will lead a more than $200 million financing facility for Pivot Energy Inc.’s multi-state portfolio of solar projects.

This transaction is the first syndicated-loan closing that SVB has led since its recent acquisition by First Citizens BancShares Inc., according to a statement Tuesday. Silicon Valley Bank was a leader in solar financing before its collapse in March.

Read More: What Silicon Valley Bank’s Collapse Means for Climate Tech

(Corrects day of statement in second graph.)