Overview
- Closing is targeted for the second quarter of 2026, pending regulatory approvals and the completion of Barclays’ sale of American Airlines co-branded credit card receivables.
- Best Egg has facilitated more than $40 billion in personal loans since 2013 and currently services about $11 billion for roughly two million customers.
- Barclays intends to maintain Best Egg’s securitization and forward‑flow funding model while retaining a small portion of new originations on its balance sheet.
- The $800 million price reflects tangible net assets of about $275 million and a high‑single‑digit price‑to‑earnings multiple, with an estimated 16 basis‑point CET1 impact expected to be more than offset by the receivables sale.
- Barclays frames the deal as complementary to its partnership credit‑card franchise and supportive of return targets for its U.S. business and the wider group from 2027.