Upstart secures $200 million revolving credit facility from MUFG-led lenders

By Public Technologies
  • Upstart Holdings subsidiary Upstart Network entered a $200 million senior secured revolving credit facility on Oct. 16, 2026.
  • MUFG Bank and other lenders will provide financing for general corporate purposes, Upstart Bank’s initial capitalization and other permitted investments.
  • Borrowings carry Term SOFR plus an initial 3% margin, adjustable between 2.75% and 3.25% based on leverage.
  • Maturity is the earliest of 364 days from closing, 45 days following Upstart Bank’s initial capitalization, or full repayment and commitment termination.
  • Proceeds from specified affiliate loan sales to Upstart Bank must repay outstanding borrowings, terminating the facility.


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