Enero Group (ASX:EGG) secures $11.7M from Silicon Valley Bank

Enero Group (ASX:EGG) has announced that it has successfully secured US$7.82M cash from Silicon Valley Bank, which collapsed last Friday, and has been deposited at another major US financial institution. 

Enero Group says this means that the company no longer has any remaining exposure to the Silicon Valley Bank receivership.

The Group is a specialist portfolio of marketing, technology, and communications businesses.