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BRIEF-LendingClub unit enters into a warehouse credit agreement ‍​ ‍​
October 16, 2017 / 8:32 PM / 2 months ago

BRIEF-LendingClub unit enters into a warehouse credit agreement ‍​ ‍​

Oct 16 (Reuters) - Lendingclub Corp

* LendingClub Corp - on Oct 10, unit of co entered into a warehouse credit agreement ‍​ ‍​

* LendingClub Corp - ‍ pursuant to warehouse agreement, lenders agree to provide a $250 million secured revolving credit facility to warehouse - SEC filing​

* LendingClub - Proceeds under facility may only be used to purchase certain unsecured consumer loans from co, related rights, expenses related to facility​ Source text: (bit.ly/2yOnQZk) Further company coverage:

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