SoFi Completes its Largest Consumer Loan Securitization to Date

By , in PR PR California on .

SAN FRANCISCO, Nov. 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.

About SoFi
SoFi is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we're all about helping our members get ahead and find success. Whether they're looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit

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Sarah Thompson

Sarah Thompson

Sarah is a financial reporter, focusing on technology, national security, and policing. Before joining Daily Telescope she worked as a staff writer at Fast Company and spent two years as a foreign correspondent in Turkey. Her work has been published in Al Jazeera America, The Nation, Vice News, Motherboard, and many other outlets.
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