Business
LendingClub and Blue Owl Capital Managed Funds Renew Forward Flow Agreement for Up to $3.4 Billion of Structured Loan Certificate Transactions
LendingClub Corporation (NYSE: LC), which operates America's leading digital marketplace bank, today announced that funds managed by Blue Owl Capital ("Blue Owl") agreed to purchase equity certificates and subordinated notes in LendingClub Structured Loan Certificate (SLCLC) transactions valued at up to $3.4 billion over two years.
About this update from Lendingclub Corporation
[{"type":"text","content":"SAN FRANCISCO and NEW YORK, July 10, 2025 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), which operates America's leading digital marketplace bank, today announced that funds managed by Blue Owl Capital ("Blue Owl") agreed to purchase equity certificates and subordinated notes in LendingClub Structured Loan Certificate (SLCLC) transactions valued at up to $3.4 billion over two years.","length":405,"tagName":"p"},{"type":"image","alt":"LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S.","displaySize":"","headline":null,"caption":"LendingClub Corporation (NYSE: LC) is the parent company of LendingClub Bank, National Association, Member FDIC. LendingClub Bank is the leading digital marketplace bank in the U.S.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":58,"url":"https://media.zenfs.com/en/prnewswire.com/bf404b989d71af85ca484ab368268875"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bUJQDZpT788FNSXLRlcNjQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEwMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/bf404b989d71af85ca484ab368268875","width":400,"height":58}},"href":"https://mma.prnewswire.com/media/76307/lending_club_logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In the three months following the agreement, Blue Owl's managed funds are anticipated to close on transactions valued up to $600 million in aggregate, with additional purchases expected to execute quarterly thereafter. Blue Owl and LendingClub have previously executed $2.4 billion worth of transactions through the SLCLC program.","length":334,"tagName":"p"},{"type":"text","content":""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."","length":475,"tagName":"p"},{"type":"text","content":""Blue Owl Alternative Credit is excit...