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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
SunTrust, Silicon Valley Bank Arrange $85MM Revolver for OnDeck
Thursday, February 7, 2019
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Lenders/Participants
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SunTrust Bank [Arranger]
Silicon Valley Bank [Arranger]
MB Financial Bank [Lender]
Congressional Bank [Lender]
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Structure
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Revolver
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Amount
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$85.000
Million
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Borrower(s)
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OnDeck Capital
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Description
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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
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Industry
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Lender Finance
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| Related Tags |
Congressional Bank, MB Financial Bank, OnDeck, Silicon Valley Bank, SunTrust Bank
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ABL Advisor
Deal Tables
2024
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