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OnDeck Revises Terms of Credit Facility with Deutsche Bank
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OnDeck Revises Terms of Credit Facility with Deutsche Bank

OnDeck Revises Terms of Credit Facility with Deutsche Bank

Fintech Nexus Staff·
News RoundupOnline LendingUSA
·Mar. 23, 2017·1 min read

The marketplace lender has extended the maturity of its credit facility with Deutsche Bank to March 2019; the revised terms also add an additional $52 million to the credit facility; in comments regarding the revised terms, Howard Katzenberg, chief financial officer of OnDeck said, “The closing of this transaction reflects a continued ability to execute our financing strategy for 2017, which includes extending debt maturities and creating additional funding capacity for future loan growth.”  Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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