Ares Agents ABL Revolver Upsize for OnDeck Asset Funding



OnDeck Funding, a subsidiary of On Deck Capital, reported it amended its existing asset-backed revolving debt facility that provides for an increase in the lenders’ revolving commitment from an aggregate amount of $100 million to $150 million.

The facility amendment provided for the extension of revolving commitment termination date by approximately six months to Feb 14, 2019.

According to a related filing, Ares Agent Services served as administrative agent for the lenders and collateral agent for the secured parties, and Wells Fargo Bank as paying agent.

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com