Secures $70M in Debt Refinancing, a Houston, TX-based provider of unified commerce and logistics solutions that enable merchants to sell and fulfill anywhere, secured a $70m debt facility from Silicon Valley Bank (SVB), a division of First Citizens Bank.

The latest facility is part of a larger $100m debt refinancing provided by SVB’s Technology Corporate Banking Division and Trinity Capital Inc.

The company intends to use the funds to expand operations and its business reach.

Led by Founder and CEO Omair Tariq, provides physical and digital infrastructure to unify operations across channels and empowers more than 6,000 multichannel merchants to sell and fulfill anywhere their customers are. The company offers a suite of digitally driven logistics capabilities, enterprise-grade channel and order management software and expert services to simplify commerce for middle-market and enterprise companies. It supports over $8 Billion in gross merchandise value and operates 14 omnichannel facilities nationwide, totaling over 8.5m square feet of space.

In June, the company announced it had raised a $60m Series C equity funding round at a valuation of $1.2 Billion.