Davis Polk advised Shockwave Medical, Inc. in connection with a $16.5 million supplemental term loan provided by Silicon Valley Bank. Shockwave Medical used a portion of the proceeds from the supplemental term loan to repay in full all amounts due under its existing term loan with Silicon Valley Bank and to pay related expenses. In addition, Shockwave Medical terminated its existing $2 million revolving line of credit with Silicon Valley Bank.
The Davis Polk finance team included partner J.W. Perry and associates Robert F. Smith and Alexander Volsky. The corporate team included partner Alan F. Denenberg and counsel Jason Bassetti. Members of the Davis Polk team are based in the New York and Northern California offices.