Edition:
India

LendingClub unit enters into a warehouse credit agreement ‍​ ‍​


Tuesday, 17 Oct 2017 

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​.