May 1 (Reuters) - Svb Financial Group
* Savara inc - has entered into a loan agreement with silicon valley bank
* Savara inc - agreement provides for a $15 million debt facility, $7.5 million of which is immediately available to savara
* Savara inc - primary use of capital is for repayment of pre-merger debt of $3.7 million owed to hercules technology growth capital
* Savara inc - immediately after funding of initial $7.5 million,repayment of hercules debt, savara expects to have cash on hand of approximately $19 million.
* Savara inc - in addition, capital will be utilized to fund savara’s ongoing development programs Source text for Eikon: Further company coverage: