---
schema_version: "secwatch.filing_event.v1"
accession: "0001552781-24-000062"
form_type: "8-K"
ticker: null
cik: "0001416265"
company_name: "PROSPER MARKETPLACE, INC"
filed_at: "2024-03-05T23:59:59+00:00"
generated_at: "2026-06-05T03:41:51.684511+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001552781-24-000062
- form_type: 8-K
- cik: 0001416265
- company_name: PROSPER MARKETPLACE, INC
- filed_at: 2024-03-05T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1416265/000155278124000062/0001552781-24-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1416265/000155278124000062/e24072_prosper-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-24-000062
- JSON: https://secwatch.observer/filing/0001552781-24-000062.json
- Plain text: https://secwatch.observer/filing/0001552781-24-000062.txt

## Key facts
- Material Agreements
  PROSPER MARKETPLACE, INC amended Sale Agreement Amendment with WebBank (effective 2024-02-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: WebBank
  - Effective: 2024-02-28
  source text: (i) a Seventh Amendment (the “ Sale Agreement Amendment ”) to the Asset Sale Agreement, dated July 1, 2016, between PFL and WebBank (the “ Sale Agreement ");
  evidence_url: https://www.sec.gov/Archives/edgar/data/1416265/000155278124000062/0001552781-24-000062-index.htm
- Material Agreements
  PROSPER MARKETPLACE, INC amended Purchase Agreement Amendment with WebBank (effective 2024-02-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: WebBank
  - Effective: 2024-02-28
  source text: (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 ”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1416265/000155278124000062/0001552781-24-000062-index.htm
- Material Agreements
  PROSPER MARKETPLACE, INC amended Marketing Agreement Amendment with WebBank (effective 2024-02-28).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: WebBank
  - Effective: 2024-02-28
  source text: (ii) a Seventh Amendment (the “ Marketing Agreement Amendment ”) to the Marketing Agreement, dated July 1, 2016, between PMI and WebBank (the “ Marketing Agreement ");
  evidence_url: https://www.sec.gov/Archives/edgar/data/1416265/000155278124000062/0001552781-24-000062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.