Press Release
Announcing $460 Million Global Funds Banking, Sponsor Buyout and Venture & Growth Loan Sale
June 8, 2023
FDIC PORTFOLIO #SVB-23-23
On behalf of the Federal Deposit Insurance Corporation (FDIC) in its capacity as Receiver for Silicon Valley Bridge Bank - Germany Branch, First Financial Network (FFN) is pleased to announce a competitive single round, sealed-bid sale of approximately $460 million in global funds banking debt, sponsor buyout debt, and venture & growth debt as well as leases and other assets in Frankfurt and Berlin. The loans, leases and other assets will be offered in pools for bidding purposes. Prospective bidders may submit bids for individual pools, a combination of pools and/or the entire portfolio.
SALE ACCESS
Access to online due diligence for Sale #SVB-23-23 is open to all bidders that meet FDIC's requirements.
To review the requirements and submit your vetting information simply follow the directions:
1) Register or sign into your account at ffncorp.com
2) Investor vetting will begin on June 14, 2023
3) Select the SVB-23-23 Sale
4) Follow the prompts to submit your information and vetting documents for review
QUALIFIED PARTICIPATING PARTIES
Banks authorized to conduct lending business in Germany, including German-licensed branches of non-EEA banks and EEA-licensed banks allowed to conduct lending business in Germany on the basis of the European Passport for financial services are encouraged to participate. Qualification to participate in this portfolio sale by other entities must be determined solely by such entity based upon its own legal advice.
CLICK HERE TO REGISTER.