Print Page  |  Close Window

SEC Filings

8-K
GREENSKY, INC. filed this Form 8-K on 11/13/2018
Entire Document
 

GreenSI(y Loan Product Re-Pricing Illustration Recapturing Increases in Interest Rates through Price Increases From To From To Transaction fee Life time Finance Charges Life time Bank Margin at 3.75% Gross Cash Flows 5.5% 14.4% (9.0%) 10.9% 7.3% 14.4% (10.8%) 10.9% Transaction fee Life time Finance Charges Life time Bank Margin at 3.75% Gross Cash Flows 3.8% 15.2% (8.2%) 10.9% 5.5% 15.2% (9.8%) 10.9% Fee increase Fee increase Up 75bps to 4.25% Up 75bps to 4.25% Illustrative Cash Flow Timing of $1B of 5.99% Loan vs. 6.99% Loans Life time Cash flows are the same whether merchant chooses to maintain same product offering (e.g., 5.99% loan) or chooses to maintain the same transaction fee by switching to a higher APR loan offering (e.g., 6.99% loan) Annual Cash Flows Transaction Fee 7.3% $80 $20 $60 $15 $40 $10 Yr5-$5 Yr4• •Difference $20 $0 $0 Yr 1 Yr2 Yr3 •6.99% Loan •5.99% Loan •6.99% Loan •Difference •5.99% Loan 35 7 year Reduced Rate, 6.99% Interest Rate 7 year Reduced Rate, 5.99% Interest Rate