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SunTrust, Silicon Valley Bank Arrange $85MM Revolver for OnDeck
Thursday, February 7, 2019

Lenders/Participants SunTrust Bank [Arranger]
Silicon Valley Bank [Arranger]
MB Financial Bank [Lender]
Congressional Bank [Lender]
Structure Revolver
Amount $85.000 Million
Borrower(s) OnDeck Capital
Description An $85 million corporate revolving credit facility with a lender group consisting of four banks. The new committed facility can be used for general corporate purposes and replaces OnDeck's prior $30 million corporate facility. Interest Rate (drawn): 1 Month LIBOR + 3% Maturity Date: January 2021
Industry Lender Finance
Related Tags Congressional Bank, MB Financial Bank, OnDeck, Silicon Valley Bank, SunTrust Bank

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