Prosper extends WebBank loan origination agreements to Feb 2027, reduces collateral

PROSPER MARKETPLACE, INC

Sale and Marketing Agreements term extended to February 1, 2027.
Collateral requirements reduced under both Sale Agreement and Purchase Agreement.
Program Threshold Amount revised; modification mechanism updated.
Amendments executed on February 28, 2024.

item 1.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PROSPER MARKETPLACE, INC amended Sale Agreement Amendment with WebBank (effective 2024-02-28).

Action: amendment
Agreement: credit facility
Counterparty: WebBank
Effective: 2024-02-28

Exact text from the filing

(i) a Seventh Amendment (the “ Sale Agreement Amendment ”) to the Asset Sale Agreement, dated July 1, 2016, between PFL and WebBank (the “ Sale Agreement ");

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PROSPER MARKETPLACE, INC amended Purchase Agreement Amendment with WebBank (effective 2024-02-28).

Action: amendment
Agreement: credit facility
Counterparty: WebBank
Effective: 2024-02-28

Exact text from the filing

(iii) a Fourth Amendment (the “ Purchase Agreement Amendment ”) to the Stand By Purchase Agreement, dated July 1, 2016, between PMI and WebBank (the “ Purchase Agreement ”

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

PROSPER MARKETPLACE, INC amended Marketing Agreement Amendment with WebBank (effective 2024-02-28).

Action: amendment
Agreement: credit facility
Counterparty: WebBank
Effective: 2024-02-28

Exact text from the filing

(ii) a Seventh Amendment (the “ Marketing Agreement Amendment ”) to the Marketing Agreement, dated July 1, 2016, between PMI and WebBank (the “ Marketing Agreement ");

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737 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001552781-24-000062

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