All Insights|Future Nexus
fintechJanuary 29, 2018

Lending Club Files for $200mn Warehouse Agreement

Lending Club files an 8K for a $200mn warehouse funding agreement; JPMorgan Chase was the administrative agent and Wilmington Trust was the collateral trustee; the revolving credit facility will be with certain lenders not yet announced; the move is another step in the funding sources diversification direction the company discussed late last year. Source.