Online small business lender OnDeck is back in the market with its first securitization of the year, following a third quarter earnings comeback and the announcement of a new bank partnership with New Jersey-based Investors Bank.
The $125m securitization does not fall into OnDeck’s usual biannual issuance schedule. OnDeck's last transaction priced in April 2018. The new offering includes a new ‘E’ tranche and has higher ratings than its previous deal. DBRS assigned a triple-A rating to the class ‘A’ notes and an AA
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
Or sign up for a trial to gain full access to the entire site for a limited period.
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.