---
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"
generated_at: "2026-05-16T18:44:36.039473+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Prosper Marketplace secures $75M senior unsecured term loan, repays $68M prior facility

## Summary
- 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.

## SEC filing metadata
- accession: 0001552781-25-000425
- form_type: 8-K
- cik: 0001416265
- company_name: PROSPER MARKETPLACE, INC
- filed_at: 2025-11-18T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001552781-25-000425
- JSON: https://secwatch.observer/filing/0001552781-25-000425.json
- Plain text: https://secwatch.observer/filing/0001552781-25-000425.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1416265/000155278125000425/0001552781-25-000425-index.htm

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