Viveve Medical, Inc. Announces Closing of $10 Million Senior Secured Term Loan with Bridge Bank
MSK client Viveve Medical, Inc. ("Viveve") (Nasdaq:VIVE) proudly announced this week that it has completed a debt refinancing that includes a new senior secured term loan of $10 million with the Life Sciences Group of Bridge Bank, a full-service professional business bank headquartered in San Jose. The proceeds from the loan will be used to repay Viveve’s existing outstanding indebtedness with Pacific Western Bank, as successor in interest to Square 1 Bank and to provide general working capital to fund its operations. The new term loan will bolster Viveve’s access to capital as it executes its plan of operations.
MSK partner Anthony Adler served as Viveve’s lead legal counsel in the refinancing and was instrumental in securing the new term loan. Viveve has been a client for many years, and most recently announced the closing of its IPO and uplisting to NASDAQ - a transaction that was led by NY Managing Partner Melanie Figueroa. The MSK team also included Kevin Friedmann, Chairman of MSK's Corporate & Business Transactions Department, Gabrielle Napolitano and Louisa Zhou.