Marlette prices latest deal tight even as firm preps layoffs

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By Sasha Padbidri
20 Mar 2017

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.

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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