Online Lender Prosper in Talks on $5 Billion Loan-Buying Deal

Online lender Prosper Marketplace Inc. is in advanced talks with a group of investment firms to sell them roughly $5 billion worth of loans over the next two years, people familiar with the matter said.

The loans would be bought at face value, but the firms are also in discussions to receive equity warrants in Prosper as they make the purchases, the people added. The potential buyers are also talking to banks about borrowing money to support their loan purchases, and a deal could wrap up in the coming weeks, they said.

http://www.wsj.com/articles/online-lender-prosper-in-talks-on-5-billion-loan-buying-deal-1470322065?mg=id-wsj

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