LendingClub Warehouse, a wholly-owned subsidiary of fintech lender LendingClub, entered into a warehouse credit agreement with JPMorgan Chase as administrative agent.

According to a related 8-K filing, Wilmington Trust acted as collateral trustee and paying agent for the transaction. The lenders agreed to provide a $200 million secured revolving credit facility to Warehouse, which Warehouse may draw upon from the closing date until either March 23, 2020 or another event that constitutes a “commitment terminate date” under the warehouse agreement.

Proceeds may only be used to purchase certain unsecured consumer loans from the company and related rights and documents and pay fees and expenses related to the credit facility.

In connection with the warehouse agreement, on January 23, 2018, Warehouse also entered into a security agreement with the administrative agent and the collateral trustee. The credit facility is secured by a first priority lien and security interest in all of Warehouse’s assets.