{"schema_version":"secwatch.filing_event.v1","accession":"0001552781-25-000425","form_type":"8-K","ticker":null,"cik":"0001416265","company_name":"PROSPER MARKETPLACE, INC","filed_at":"2025-11-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.355161+00:00","generated_at":"2026-05-16T18:44:36.039473+00:00","sec_items":["1.01","1.02","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Prosper Marketplace secures $75M senior unsecured term loan, repays $68M prior facility","bullets":["Borrowed $75M under new Credit Agreement with Platform Loan Holdings LLC; matures Nov 14, 2030.","Interest rate: Daily Simple SOFR (floor 1.50%) + 7.00%; no scheduled amortization.","Proceeds used to repay ~$68M outstanding prior term loan; prior credit agreement terminated.","Covenants: min tangible net worth, min liquidity, max debt/tangible net worth ratio."],"urls":{"canonical":"https://secwatch.observer/filing/0001552781-25-000425","json":"https://secwatch.observer/filing/0001552781-25-000425.json","markdown":"https://secwatch.observer/filing/0001552781-25-000425.md","text":"https://secwatch.observer/filing/0001552781-25-000425.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1416265/000155278125000425/0001552781-25-000425-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1416265/000155278125000425/e25424_prosper-8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T18:44:36.039473+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"672328b816e11e1bd2c3bce55ab829fa09fa8268","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1416265/000155278125000425/0001552781-25-000425-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$75 million"},{"label":"Counterparty","value":"Platform Loan Holdings LLC"},{"label":"Rate","value":"Daily Simple SOFR (subject to a floor of 1.50%), plus 7.00%"},{"label":"Maturity","value":"November 14, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}