LendingClub and Blue Owl Capital Managed Funds Renew Forward Flow Agreement for Up to $3.4 Billion of Structured Loan Certificate Transactions
LendingClub (NYSE: LC) has renewed its forward flow agreement with Blue Owl Capital managed funds for up to $3.4 billion in Structured Loan Certificate (SLCLC) transactions over two years. The initial phase includes transactions worth up to $600 million in the first three months, followed by quarterly purchases.
This renewal builds upon their existing partnership, which has already executed $2.4 billion worth of transactions through the SLCLC program. The program, launched in April 2023, has facilitated nearly $6 billion in loan sales and provides a streamlined investment process without requiring external financing for loan buyers.
LendingClub (NYSE: LC) ha rinnovato il suo accordo di flusso continuo con i fondi gestiti da Blue Owl Capital per transazioni di Structured Loan Certificate (SLCLC) fino a 3,4 miliardi di dollari nell'arco di due anni. La fase iniziale prevede operazioni per un valore fino a 600 milioni di dollari nei primi tre mesi, seguite da acquisti trimestrali.
Questo rinnovo si basa sulla partnership già esistente, che ha già realizzato transazioni per un valore di 2,4 miliardi di dollari tramite il programma SLCLC. Il programma, lanciato nell'aprile 2023, ha facilitato quasi 6 miliardi di dollari in vendite di prestiti e offre un processo di investimento semplificato senza la necessità di finanziamenti esterni per gli acquirenti di prestiti.
LendingClub (NYSE: LC) ha renovado su acuerdo de flujo continuo con los fondos gestionados por Blue Owl Capital para transacciones de Structured Loan Certificate (SLCLC) por hasta 3.4 mil millones de dólares durante dos años. La fase inicial incluye transacciones por un valor de hasta 600 millones de dólares en los primeros tres meses, seguidas de compras trimestrales.
Esta renovación se basa en su colaboración existente, que ya ha ejecutado transacciones por un valor de 2.4 mil millones de dólares a través del programa SLCLC. El programa, lanzado en abril de 2023, ha facilitado casi 6 mil millones de dólares en ventas de préstamos y ofrece un proceso de inversión simplificado sin requerir financiamiento externo para los compradores de préstamos.
LendingClub (NYSE: LC)는 Blue Owl Capital이 관리하는 펀드와의 선행 흐름 계약을 2년 동안 최대 34억 달러 규모의 구조화 대출 증서(SLCLC) 거래에 대해 갱신했습니다. 초기 단계에서는 첫 3개월 동안 최대 6억 달러 규모의 거래가 포함되며, 이후 분기별 구매가 이어집니다.
이번 갱신은 이미 SLCLC 프로그램을 통해 24억 달러 규모의 거래를 실행한 기존 파트너십을 기반으로 합니다. 2023년 4월에 시작된 이 프로그램은 거의 60억 달러에 달하는 대출 판매를 촉진했으며, 대출 구매자에게 외부 자금 조달 없이 간소화된 투자 과정을 제공합니다.
LendingClub (NYSE : LC) a renouvelé son accord de flux continu avec les fonds gérés par Blue Owl Capital pour des transactions de Structured Loan Certificate (SLCLC) pouvant atteindre 3,4 milliards de dollars sur deux ans. La phase initiale comprend des transactions d'une valeur allant jusqu'à 600 millions de dollars au cours des trois premiers mois, suivies d'achats trimestriels.
Ce renouvellement s'appuie sur leur partenariat existant, qui a déjà réalisé des transactions d'une valeur de 2,4 milliards de dollars via le programme SLCLC. Lancé en avril 2023, ce programme a facilité près de 6 milliards de dollars de ventes de prêts et offre un processus d'investissement simplifié sans nécessiter de financement externe pour les acheteurs de prêts.
LendingClub (NYSE: LC) hat seine Forward-Flow-Vereinbarung mit den von Blue Owl Capital verwalteten Fonds für strukturierte Darlehenszertifikats-Transaktionen (SLCLC) über bis zu 3,4 Milliarden US-Dollar für zwei Jahre erneuert. Die Anfangsphase umfasst Transaktionen im Wert von bis zu 600 Millionen US-Dollar in den ersten drei Monaten, gefolgt von vierteljährlichen Käufen.
Diese Erneuerung baut auf ihrer bestehenden Partnerschaft auf, die bereits Transaktionen im Wert von 2,4 Milliarden US-Dollar über das SLCLC-Programm abgewickelt hat. Das im April 2023 gestartete Programm hat nahezu 6 Milliarden US-Dollar an Darlehensverkäufen ermöglicht und bietet einen vereinfachten Investitionsprozess, ohne dass externe Finanzierung für Darlehenskäufer erforderlich ist.
- Secured significant $3.4 billion commitment over two years from Blue Owl Capital
- Strong initial commitment of $600 million in first three months
- Successfully executed $2.4 billion in previous transactions with Blue Owl
- SLCLC program has generated nearly $6 billion in loan sales since April 2023
- Partnership validates LendingClub's underwriting strength and market position
- Dependent on continued performance of personal loan portfolio in current economic cycle
- Reliance on institutional partnerships for funding model
Insights
LendingClub secures substantial $3.4B funding commitment, strengthening liquidity position and validating their loan underwriting capabilities.
LendingClub has secured a renewed commitment from Blue Owl Capital-managed funds to purchase up to
This agreement builds upon an already established relationship, with Blue Owl having previously executed
The SLCLC program itself represents a competitive advantage stemming from LendingClub's bank charter. Since launching in April 2023, the program has facilitated nearly
This renewed commitment provides LendingClub with predictable funding capacity, crucial for maintaining loan origination volume. For a marketplace lender, securing committed forward flow agreements helps reduce funding volatility and supports revenue visibility. The
Blue Owl's continued investment specifically validates LendingClub's performance in the personal loan sector, suggesting their credit models are delivering the expected risk-adjusted returns through recent market conditions. This institutional backing provides strategic flexibility as LendingClub continues focusing on helping consumers access lower-cost credit options.
In the three months following the agreement, Blue Owl's managed funds are anticipated to close on transactions valued up to
"I'm thrilled to continue our successful relationship with Blue Owl," said Scott Sanborn, LendingClub CEO. "Commitments like these speak to the strength of our underwriting through economic cycles, the attractiveness of our innovative loan structures, and our standing as the counterparty of choice in this asset class. I look forward to continuing to work with Blue Owl as we help Americans find meaningful savings on their cost of credit."
"Blue Owl Alternative Credit is excited to grow our investment with LendingClub, a best-in-class originator in the personal loan asset class that continues to deliver stable, attractive returns," said Ivan Zinn, Head of Alternative Credit at Blue Owl. "This marks our funds' third investment with LendingClub since 2023, and we look forward to growing our relationship further."
LendingClub's innovative SLCLC program, which is uniquely enabled by its bank status, provides a low-friction investment process without the need for external financing for loan buyers. Nearly
About LendingClub
LendingClub Corporation (NYSE: LC) is the parent company and operator of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the
About Blue Owl
Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives®. With
Safe Harbor Statements
The series notes and residual certificates issued through the SLCLC program have not been and will not be registered under the Securities Act of 1933 or any state or other jurisdiction's securities laws and may not be offered or sold in
This press release will not constitute an offer to sell or the solicitation of an offer to buy the series notes or residual certificates or any other securities, nor will there be any offer, solicitation or sale of the series notes, the residual certificates or any other securities in any state or other jurisdiction in which the offer, solicitation or sale would be unlawful.
Some of the statements above, including statements regarding the timing and amount of SLCLC purchases by Blue Owl, are forward-looking statements. The words "expect", "anticipate," "believe," "estimate," "expect," "intend," "may," "outlook," "plan," "predict," "project," "will," "would" and similar expressions may identify forward-looking statements, although not all forward-looking statements contain these identifying words. Factors that could cause actual results to differ materially from those contemplated by these forward-looking statements include performance of the SLCLC program, continued interest in the program and fulfilling the purchases by both LendingClub and Blue Owl, and those factors set forth in the section titled "Risk Factors" in LendingClub Corporation's most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, as well as in subsequent filings by LendingClub Corporation with the Securities and Exchange Commission. LendingClub may not actually achieve the plans, intentions or expectations disclosed in forward-looking statements, and you should not place undue reliance on forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements. LendingClub does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
LendingClub Contacts
For Investors: IR@lendingclub.com
Media Contact: Press@lendingclub.com
Blue Owl Contacts
For Investors: Ann.dai@blueowl.com
Media Contact: Nick.theccanat@blueowl.com
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SOURCE LendingClub Corporation
FAQ
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