secwatch.observer — SEC 8-K summary
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Issuer:     PROSPER MARKETPLACE, INC (—)
CIK:        0001416265
Form:       8-K
Filed at:   2025-11-18T23:59:59+00:00
Accession:  0001552781-25-000425
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1416265/000155278125000425/0001552781-25-000425-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1416265/000155278125000425/e25424_prosper-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-25-000425

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer