Press Release

SoFi Completes its Largest Consumer Loan Securitization to Date

SAN FRANCISCO, Calif. – November 10, 2017 – SoFi announced today the closing of a $727 million issuance of SoFi Consumer Loan Program 2017-6 (“SCLP 2017-6”) notes. It is SoFi’s largest offering of securities backed by consumer loans and is the company’s 11th ABS transaction this year, bringing SoFi’s total issuance for 2017 to $6.1 billion.

“SoFi’s securities have performed well in the market, and investor demand for this offering was strong with over $2.2 billion of orders,” said Erica Dorfman, Vice President of Capital Markets for SoFi. “There were 39 investors in this deal, including five new institutions.”

SoFi has established its place as one of the country’s 10 largest sponsors of asset-backed securities, completing 14 deals over the past year totaling $6.5 billion. Rating agencies have raised their ratings on 12 previous SoFi securitizations, reflecting the strong performance of the underlying loans. Joint lead managers on SCLP 2017-6 were J.P. Morgan, Deutsche Bank, Goldman Sachs, and Mizuho Securities.

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