Naked Wines and Trustpilot are among the biggest UK-listed firms with a material exposure to Silicon Valley Bank (SVB), it was revealed today, as businesses rushed to reassure shareholders they had enough cash to survive after the bank’s collapse on Friday.
Naked Wines said it had a “$60m asset backed credit facility, which is syndicated 50-50 between SVB and Bridge Bank” and which “remains an important part of our financing arrangements.”
