Tagged: credit facility

LendingPoint Completes $250 Million Credit Facility Arranged by Guggenheim Securities

LendingPoint announced on Monday it completed its $250 million credit facility, which was arranged by Guggenheim Securities. According to LendingPoint, the facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. “The amended… Read More

Finitive Announces $100 Million Credit Facility For Platinum Auto

Finitive, a fintech platform that connects institutional investors with alternative lending investments, announced on Monday its client Platinum Auto of Tampa Bay secured a $100 million credit facility through its platform. Platinum notably purchases auto loan contracts from a network of over 300 auto dealers… Read More

Kabbage Secures $200 Million Revolving Credit Facility

Global financial service platform Kabbage announced on Tuesday it has secured a $200 million revolving credit facility to support its growth for providing U.S. small businesses access to flexible, online funding. According to Kabbage the senior tranche of the new dual-class transaction earned an A(sf) rating… Read More

U.S. Fintech Yalber Secures $20 Million Credit Facility

Yalber, a U.S.-based SMB royalty investment company, announced on Tuesday it secured a $20 million credit facility from Park Cities Asset Management. Founded in 2007, Yalber offers an alternative to the conventional funding options currently available to businesses, such as debt either through a bank… Read More

CrowdOut Provides $30 Million Credit Facility to Support Personiv’s Growth

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Private lending syndication platform CrowdOut Capital announced on Wednesday the completion of a $30 million credit facility to Personiv. According to CrowdOut, the borrower is a business process outsourcer that employs over 2,500 employees in 3 different countries and the proceeds from the loan will be… Read More

New York Fintech Finitive Facilitates $50 Million Warehouse Line of Credit For Real Estate Platform Bungalow

Finitive LLC, a fintech platform that provides institutional investors with direct access to alternative lending investments, announced on Thursday the closing of a $50 million senior secured warehouse credit facility for new residential real estate platform Bungalow. The fintech claimed that the transaction was the first… Read More

LendingPoint Closes Up to $600 Million Credit Facility Arranged by Guggenheim Securities

LendingPoint announced on Thursday it has closed an up to $600 million, committed credit facility arranged by Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners. LendingPoint reported that with the new deal it has secured up to $1.1 billion of senior credit… Read More

LendingTree Enters into $250 Million Amended & Restated Credit Facility

LendingTree recently announced it has entered into an amended and restated $250 million five-year senior secured revolving credit facility that will replace its previous $125 million credit agreement. According to the online lender, the amended and restated revolving credit facility provides increased borrowing capacity and improved pricing, along with greater strategic and operational… Read More

Canadian Small Business Lender Lendified Secures $60 Million Credit Facility From ClearFlow

Lendified, a Canada-based lender who provides small business loans online has entered into an agreement with ClearFlow Commercial Finance to increase its lending capacity. According to the lending platform, through the agreement, ClearFlow is providing it with a $60 million credit facility to fund loans… Read More

LendingPoint Completes $500 Million Credit Facility

LendingPoint announced it closed an up to $500 million credit facility arranged by Guggenheim Securities. The company reported it took down $138.5 million of the facility at the closing and on September 15th and it took down an additional $32.7 million.  According to LendingPoint, the… Read More

OnDeck Announces Extension & Upsize of Revolving Credit Facility with Deutsche Bank

Online lending platform OnDeck (NYSE: ONDK) announced earlier this week it has officially amended its asset-backed revolving credit facility with Deutsche Bank to extend the facility’s maturity date to March 2019 and also increase the facility’s borrowing capacity by approximately $52 million to a total of approximately… Read More

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