representative work

On Deck Canada Enters into $75 Million Revolving Credit Facility with Bank of Montreal


On March 23, 2020, On Deck Capital Canada, Inc., On Deck Capital Canada, ULC, and On Deck Capital Canada Holdings, Inc. (collectively, the “Borrowers”) entered into a syndicated loan agreement with Bank of Montreal, as administrative agent and a lender, providing for a revolving facility in the amount of up to $75 million (subject to further syndication), a $1.5 million hedge facility, and a $350,000 corporate credit card facility. The revolving facility includes an accordion feature and can be increased by up to $25 million.

Cassels acted as counsel for the Borrowers with a team that included Jason Arbuck, Jenna Clark and Paras Patel (Financial Services), and Andrew Reback and Chris Norton (Tax).

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