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Prosper Marketplace completes $495M securitization deal


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Prosper Marketplace completes $495M securitization deal

Prosper Marketplace Inc. has closed a securitization transaction with 30 investors, under which it issued approximately $495 million of series 2017-1 notes.

The company said that investor demand led to the offering being upsized from the $450 million originally planned. Prosper will continue to make quarterly securitizations.

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