SOFI Rallies Off $525M Personal Loan Deal, Yields Key in Growth
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SoFi Technologies (SOFI) has finalized a $525 million personal loan deal with PGIM Fixed Income, contributing to its significant year-long rally. This deal establishes a revolving line of credit, potentially boosting company profits.
January 16, 2025 | 7:30 pm
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SoFi Technologies has secured a $525 million personal loan deal with PGIM Fixed Income, which is expected to enhance its growth and profitability. This deal contributes to SoFi's impressive 120% year-long rally.
The $525 million deal with PGIM Fixed Income provides SoFi with a revolving line of credit, which is crucial for its growth strategy. This financial backing is likely to enhance SoFi's profitability and sustain its stock price rally.
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