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Prosper Marketplace closes $500M securitization deal


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Prosper Marketplace closes $500M securitization deal

Prosper Marketplace Inc. has closed the second securitization from the Prosper Marketplace Issuance Trust series 2017-2.

About $500 million of notes were issued for PMIT 2017-2 and nearly 45 investors have together participated in the two securitizations issued under the PMIT program.

Credit Suisse Securities (USA) LLC and Jefferies LLC served as joint book runners on the transaction. Fitch Ratings and Kroll Bond Rating Agency rated the deal.

Prosper also reported a second-quarter net loss of $41.4 million, compared to a loss of $35.6 million in the year-ago quarter.