secwatch / observer
8-K filed November 18, 2025, 6:59 PM ET CIK 0001416265
debt confidence high sentiment neutral materiality 0.50

PROSPER MARKETPLACE, INC: debt financing — Prosper Marketplace secures $75M senior unsecured term loan, repays $68M prior facility

PROSPER MARKETPLACE, INC

item 1.01item 1.02item 2.03

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

PROSPER MARKETPLACE, INC incurred term loan of $75 million with Platform Loan Holdings LLC at Daily Simple SOFR (subject to a floor of 1.50%), plus 7.00% maturing November 14, 2030.

Instrument
term loan
Principal
$75 million
Counterparty
Platform Loan Holdings LLC
Rate
Daily Simple SOFR (subject to a floor of 1.50%), plus 7.00%
Maturity
November 14, 2030
Event
incurrence
Exact text from the filing
On November 14, 2025, Prosper Marketplace, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with the Company, as borrower and Platform Loan Holdings LLC, as lender, pursuant to which the Company borrowed $75 million of senior unsecured term loans (the “Loans”). The Loans bear interest at an amount payable in cash equal to the Daily Simple SOFR (subject to a floor of 1.50%), plus 7.00%. The Loans are scheduled to mature on November 14, 2030, and are not subject to amortization.
View on SEC.gov

316 debt financings filed in the last 30 days. Browse all debt financings →

Source: SEC EDGAR
accession 0001552781-25-000425
view filing index on sec.gov
view primary document
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.