GreenSky Strengthens, Extends and Diversifies Funding Commitments
GreenSky, Inc. (GSKY)
Last greensky, inc. earnings: 3/2 04:05 pm
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Source: Business Wire
Terms Reached for New $6 Billion Forward Flow Arrangement and Renewed and Increased Bank Commitments ATLANTA--(BUSINESS WIRE)--GreenSky, Inc. (“GreenSky” or the “Company”) (NASDAQ: GSKY), a leading financial technology company Powering Commerce at the Point of Sale®, today announced reaching an agreement in principle for a three-year, $6 billion forward flow arrangement with a leading institutional asset manager. Additionally, the Company has renewed its agreement with its largest Bank Partner for an additional year, extended a second Bank Partner agreement for an additional three years, and reached an agreement to increase a third Bank Partner commitment by $100 million.“We continue to receive strong interest in our GreenSky super-prime home improvement and prime and super-prime elective healthcare loans. With a multi-year record low portfolio 30-day delinquency rate and escalating Borrower credit weighted FICO application scores, resulting indicative pricing bids have been grati
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