SoFi Closes $697.6 Million Securitization of Loan Platform Business Volume
SoFi Technologies (NASDAQ: SOFI) has successfully completed a $697.6 million securitization of personal loans originated by SoFi Bank. This marks the first securitization of new collateral in SoFi's Consumer Loan Program (SCLP) since 2021 and the first using collateral from their loan platform business.
The transaction, dubbed SCLP 2025-1, closed on February 28, 2025, featuring four classes of notes rated from AAA to BBB+ by Fitch Ratings and Morningstar DBRS. The offering attracted 35 unique investors and priced at industry-leading costs, with a weighted average spread of 87 basis points and an all-in yield of 5.10%.
The deal highlights the strong performance of SoFi's loan platform business, which generated $2.1 billion in personal loan volume in 2024. Since SCLP's launch in 2015, SoFi has issued over $12 billion in notes across 25 transactions.
SoFi Technologies (NASDAQ: SOFI) ha completato con successo una securitizzazione di 697,6 milioni di dollari di prestiti personali originati da SoFi Bank. Questo segna la prima securitizzazione di nuovi collaterali nel Programma di Prestiti per Consumatori di SoFi (SCLP) dal 2021 e la prima utilizzando collaterali provenienti dalla loro piattaforma di prestiti.
La transazione, denominata SCLP 2025-1, si è conclusa il 28 febbraio 2025, presentando quattro classi di note valutate da AAA a BBB+ da Fitch Ratings e Morningstar DBRS. L'offerta ha attratto 35 investitori unici ed è stata prezzata a costi leader nel settore, con uno spread medio ponderato di 87 punti base e un rendimento totale del 5,10%.
L'accordo evidenzia le forti performance della piattaforma di prestiti di SoFi, che ha generato 2,1 miliardi di dollari in volume di prestiti personali nel 2024. Dalla sua lancio nel 2015, SoFi ha emesso oltre 12 miliardi di dollari in note attraverso 25 transazioni.
SoFi Technologies (NASDAQ: SOFI) ha completado con éxito una securitización de 697.6 millones de dólares de préstamos personales originados por SoFi Bank. Esto marca la primera securitización de nuevos colaterales en el Programa de Préstamos para Consumidores de SoFi (SCLP) desde 2021 y la primera utilizando colaterales de su plataforma de préstamos.
La transacción, denominada SCLP 2025-1, se cerró el 28 de febrero de 2025, presentando cuatro clases de notas calificadas desde AAA hasta BBB+ por Fitch Ratings y Morningstar DBRS. La oferta atrajo a 35 inversores únicos y se fijó a costos líderes en la industria, con un diferencial promedio ponderado de 87 puntos básicos y un rendimiento total del 5.10%.
El acuerdo destaca el sólido rendimiento del negocio de la plataforma de préstamos de SoFi, que generó 2.1 mil millones de dólares en volumen de préstamos personales en 2024. Desde el lanzamiento de SCLP en 2015, SoFi ha emitido más de 12 mil millones de dólares en notas a través de 25 transacciones.
소피 테크놀로지스 (NASDAQ: SOFI)는 소피 뱅크에서 발생한 개인 대출의 6억 9760만 달러 규모의 증권화를 성공적으로 완료했습니다. 이는 2021년 이후 소피의 소비자 대출 프로그램(SCLP)에서 새로운 담보의 첫 번째 증권화이며, 대출 플랫폼 비즈니스에서 나온 담보를 사용한 첫 번째 사례입니다.
이 거래는 SCLP 2025-1로 명명되었으며, 2025년 2월 28일에 종료되었습니다. 이 거래는 Fitch Ratings와 Morningstar DBRS로부터 AAA에서 BBB+까지 등급을 받은 네 가지 클래스의 노트를 포함하고 있습니다. 이 제안은 35명의 독특한 투자자를 끌어모았고, 업계 최고의 비용으로 가격이 책정되었으며, 가중 평균 스프레드가 87베이시스 포인트, 총 수익률이 5.10%였습니다.
이번 거래는 2024년에 21억 달러의 개인 대출 규모를 생성한 소피의 대출 플랫폼 비즈니스의 강력한 성과를 강조합니다. 2015년 SCLP 출범 이후, 소피는 25건의 거래를 통해 120억 달러 이상의 노트를 발행했습니다.
SoFi Technologies (NASDAQ: SOFI) a réussi à réaliser une sécuirtisation de 697,6 millions de dollars de prêts personnels émis par SoFi Bank. Cela marque la première sécuirtisation de nouveaux collatéraux dans le Programme de Prêts aux Consommateurs de SoFi (SCLP) depuis 2021 et la première utilisant des collatéraux de leur plateforme de prêts.
La transaction, appelée SCLP 2025-1, a été clôturée le 28 février 2025, avec quatre classes de titres notés de AAA à BBB+ par Fitch Ratings et Morningstar DBRS. L'offre a attiré 35 investisseurs uniques et a été tarifée à des coûts de pointe dans l'industrie, avec un écart moyen pondéré de 87 points de base et un rendement total de 5,10%.
L'accord met en évidence la forte performance de la plateforme de prêts de SoFi, qui a généré 2,1 milliards de dollars en volume de prêts personnels en 2024. Depuis le lancement de SCLP en 2015, SoFi a émis plus de 12 milliards de dollars en titres à travers 25 transactions.
SoFi Technologies (NASDAQ: SOFI) hat erfolgreich eine Verbriefung von 697,6 Millionen Dollar von persönlichen Krediten, die von SoFi Bank vergeben wurden, abgeschlossen. Dies ist die erste Verbriefung neuer Sicherheiten im SoFi Consumer Loan Program (SCLP) seit 2021 und die erste, die Sicherheiten von ihrem Kreditplattformgeschäft nutzt.
Die Transaktion, genannt SCLP 2025-1, wurde am 28. Februar 2025 abgeschlossen und umfasst vier Klassen von Anleihen, die von Fitch Ratings und Morningstar DBRS von AAA bis BBB+ bewertet wurden. Das Angebot zog 35 einzigartige Investoren an und wurde zu branchenführenden Kosten mit einem gewichteten Durchschnittsspread von 87 Basispunkten und einer Gesamtrendite von 5,10% bepreist.
Der Deal hebt die starke Leistung von SoFis Kreditplattformgeschäft hervor, das im Jahr 2024 2,1 Milliarden Dollar an persönlichen Kreditvolumen generierte. Seit dem Start von SCLP im Jahr 2015 hat SoFi über 12 Milliarden Dollar an Anleihen in 25 Transaktionen ausgegeben.
- Successful $697.6M securitization deal with strong investor demand
- High-quality ratings (AAA to BBB+) from major rating agencies
- Industry-leading cost of funds with 5.10% yield
- $2.1B personal loan origination volume in 2024
- Broad investor base with 35 unique participants
- First securitization of new collateral since 2021 indicates potential gap in market activity
Insights
SoFi's $697.6 million securitization represents a strategic milestone in the company's capital markets evolution. This transaction effectively transforms personal loans from SoFi's loan platform business into liquid securities, providing immediate capital while transferring the underlying credit risk to investors.
What makes this notable is the dual-benefit structure SoFi has achieved. First, the co-contributor framework allows SoFi to provide liquidity to partners who purchase loans through their platform business, which generated
The pricing terms are particularly impressive - an 87 basis point weighted average spread and
This transaction highlights SoFi's evolution beyond direct lending. While traditional banks typically generate interest spread by holding loans, SoFi's platform model allows them to monetize their origination capabilities without tying up balance sheet capacity. This capital-light approach enhances their financial flexibility and potentially improves ROE metrics.
By reactivating their securitization program after a three-year hiatus specifically for platform-originated loans, SoFi signals confidence in both their underwriting standards and institutional appetite for their assets, critical factors for their loan growth strategy.
This securitization represents SoFi's sophisticated approach to balance sheet management and funding diversification. The co-contributor structure is particularly noteworthy - it allows SoFi to efficiently monetize loans originated for third parties through their loan platform business.
The transaction's operational significance extends beyond the
The participation of 35 investors indicates SoFi has cultivated a diverse capital markets constituency. This investor base diversity provides resilience against funding disruptions that can plague mono-line lenders dependent on narrow funding channels.
From a platform operations perspective, this transaction validates SoFi's multi-channel approach to loan distribution. Rather than simply holding originated assets or selling them whole, securitization offers a third avenue for monetization, enhancing operational flexibility.
The
By specifically highlighting that this represents their first securitization of loan platform business volume, SoFi signals the maturation of this business line to a scale where secondary market execution becomes efficient.
Offering Includes Participation from 35 Unique Investors
This represents the first securitization of new collateral in SoFi’s Consumer Loan Program (SCLP) since 2021 and the first using collateral originated in the loan platform business. It provides co-contributors with meaningful liquidity to support their ongoing investment in the loan platform business given the strong market demand for SoFi’s personal loans. SoFi issued notes to 35 investors in the deal, representing a range of new and existing partners.
“As SoFi’s personal loan products resonate with more and more people, we see continued strong demand for our loans in the capital markets,” said Chris Lapointe, Chief Financial Officer of SoFi. “This offering demonstrates the clear value of our loan platform business and our diversified funding strategy.”
The transaction (“SCLP 2025-1”) closed on February 28, 2025 and consisted of four classes of notes rated by Fitch Ratings and Morningstar DBRS from “AAA” to “BBB+”. Fitch Ratings assigned ratings to all four classes of notes, and Morningstar DBRS provided ratings on the Class A, B, and C notes. Goldman Sachs was the structuring agent and joint lead bookrunner with Bank of America. The transaction priced at industry-leading costs of funds levels, with a weighted average spread of 87 basis points and an all-in yield of
Since the launch of SCLP in 2015, SoFi has issued more than
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
About SoFi
SoFi (NASDAQ: SOFI) is a member-centric, one-stop shop for digital financial services on a mission to help people achieve financial independence to realize their ambitions. The company’s full suite of financial products and services helps its over 10.1 million SoFi members borrow, save, spend, invest, and protect their money better by giving them fast access to the tools they need to get their money right, all in one app. SoFi also equips members with the resources they need to get ahead – like credentialed financial planners, exclusive experiences and events, and a thriving community – on their path to financial independence.
SoFi innovates across three business segments: Lending, Financial Services – which includes SoFi Checking and Savings, SoFi Invest, SoFi Credit Card, SoFi Protect, and SoFi Insights – and Technology Platform, which offers the only end-to-end vertically integrated financial technology stack. SoFi Bank, N.A., an affiliate of SoFi, is a nationally chartered bank, regulated by the OCC and FDIC and SoFi is a bank holding company regulated by the Federal Reserve. The company is also the naming rights partner of SoFi Stadium, home of the Los Angeles Chargers and the Los Angeles Rams. For more information, visit https://www.sofi.com or download our iOS and Android apps.
Disclosures
Availability of Other Information About SoFi
Investors and others should note that we communicate with our investors and the public using our website (https://www.sofi.com), the investor relations website (https://investors.sofi.com), and on social media (X and LinkedIn), including but not limited to investor presentations and investor fact sheets, Securities and Exchange Commission filings, press releases, public conference calls and webcasts. The information that SoFi posts on these channels and websites could be deemed to be material information. As a result, SoFi encourages investors, the media, and others interested in SoFi to review the information that is posted on these channels, including the investor relations website, on a regular basis. This list of channels may be updated from time to time on SoFi’s investor relations website and may include additional social media channels. The contents of SoFi’s website or these channels, or any other website that may be accessed from its website or these channels, shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
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Source: SoFi Technologies
FAQ
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