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BRIEF-On Deck Capital's unit, Ondeck Asset Funding I, establishes new asset-backed revolving debt facility
August 23, 2016 / 8:50 PM / a year ago

BRIEF-On Deck Capital's unit, Ondeck Asset Funding I, establishes new asset-backed revolving debt facility

Aug 23 (Reuters) - On Deck Capital Inc :

* On Aug 19 Ondeck Asset Funding I, LLC, unit of co, established a new asset-backed revolving debt facility - sec filing

* The size of ODAF I facility is $100 million, commitment termination date is August 19, 2018

* Lenders commit to make loans to ODAF I, proceeds of which are used to finance odaf i's purchase of small business loans from company Source text (bit.ly/2bkdXEJ) Further company coverage:

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