LivingSocial, an online-deals provider, is looking to raise nearly $200 million from new and old investors, The New York Times reported Friday.

The company is also considering a credit facility worth about $100 million, the paper said, quoting two unnamed sources who said they had been briefed on the transaction.

The injection of cash, expected to close next week, would give the company a value of more than $5 billion, the newspaper said, quoting an unnamed source.

That would give the online-deals company more flexibility as it attempts to take on chief rival Groupon, which went public this month.

(Reporting by Julie Steenhuysen in Chicago, Editing by Sandra Maler)