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 gratifying," said David Zalik, chairman and CEO of GreenSky. "We are pleased to announce that we have reached an agreement in principle for a three-year, $6 billion forward flow full risk transfer funding commitment at pricing that closely approximates our current Bank Partner economics. Our partnership with this leading institutional asset manager both diversifies and reinforces GreenSky's strong Bank Partner consortium. Consistent with GreenSky's mission to help businesses grow revenue at the point of sale while delighting their consumer customers, these funding relationships yield both flexibility and significant liquidity to fuel future growth."

GreenSky, Inc. (NASDAQ:GSKY) is a leading technology company Powering Commerce at the Point of Sale^® for a growing ecosystem of merchants, consumers and banks. Our highly scalable, proprietary technology platform enables nearly 17,000 active merchants to offer frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow. Banks leverage GreenSky's technology to provide loans to super-prime and prime consumers nationwide. Since our inception, over 2.8 million consumers have financed nearly $21 billion of commerce using our paperless, real time "apply and buy" technology. GreenSky is headquartered in Atlanta, Georgia. For more information, visit https://www.greensky.com.

This press release contains forward-looking statements that reflect our current views with respect to, among other things, our operations and financial performance; transaction volume; profitability; liquidity; funding and bank commitments. You generally can identify these statements by the use of words such as "outlook," "potential," "continue," "may," "seek," "approximately," "predict," "believe," "expect," "plan," "intend," "estimate" or "anticipate" and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as "will," "should," "would," "likely" and "could." These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those included in the forward-looking statements. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission and include, but are not limited to, risks related to our ability to retain existing, and attract new, merchants and Bank Partners; our future financial performance, including trends in revenue, cost of revenue, gross profit or gross margin, operating expenses, and free cash flow; changes in market interest rates; increases in loan delinquencies; our ability to operate successfully in a highly regulated industry; the effect of management changes; cyberattacks and security vulnerabilities in our products and services; and our ability to compete successfully in highly competitive markets. The forward-looking statements speak only as of the date on which they are made, and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.