Marlette prices latest deal tight even as firm preps layoffs

Online personal loan platform Marlette Funding priced a marketplace loan ABS last Friday to strong demand, even as the company plans to reduce staff in order to boost profit.

  • By Sasha Padbidri
  • 20 Mar 2017

Sources who spoke with GlobalCapital on Monday shrugged off published reports of Marlette’s plan to cut around a fifth of its workforce, as the platform looks to increase focus on its core unsecured personal loan business.

Leads Goldman SachsDeutsche Bank and Citi increased the original deal size from $257.43m to ...

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