Oportun Announces $306 Million Committed Warehouse Facility Extension
September 23 2024 - 6:09PM
Oportun (Nasdaq: OPRT), a mission-driven financial services
company, today announced the closing of an amendment and extension
to its long-term warehouse facility. Features of this facility
include:
- $306 million total
commitment
- Goldman Sachs as
senior lender – and Jefferies, as mezzanine lender – both existing,
longstanding lenders to Oportun
- A new two-year
revolving period
- Collateralized by
Oportun’s unsecured and secured personal loan originations
“This warehouse facility extension expands on Oportun’s
longstanding lending relationships”, said Jonathan Coblentz, Chief
Financial Officer of Oportun. “With the support of our lenders at
Goldman Sachs and Jefferies, this committed financing will help
drive Oportun’s responsible growth in the years ahead.”
Oportun maintains a diverse set of capital sources including
committed warehouse facilities, asset-backed securitizations,
corporate-level debt financing, and whole loan sales.
About Oportun
Oportun (Nasdaq: OPRT) is a mission-driven financial services
company that puts its members' financial goals within reach. With
intelligent borrowing, savings, and budgeting capabilities, Oportun
empowers members with the confidence to build a better financial
future. Since inception, Oportun has provided more than $18.7
billion in responsible and affordable credit, saved its members
more than $2.4 billion in interest and fees, and helped its members
save an average of more than $1,800 annually. For more information,
visit Oportun.com.
About Goldman Sachs
Goldman Sachs is a leading global financial institution that
delivers a broad range of financial services to a large and
diversified client base that includes corporations, financial
institutions, governments and individuals. Founded in 1869, the
firm is headquartered in New York and maintains offices in all
major financial centers around the world.
About Jefferies
Jefferies (NYSE: JEF) is a leading global, full-service
investment banking and capital markets firm that provides advisory,
sales and trading, research, wealth, and asset management services.
With more than 40 offices around the world, we offer insights and
expertise to investors, companies and governments. For more
information: www.jefferies.com.
Investor ContactDorian Hare(650)
590-4323ir@oportun.com
Media ContactMichael AzzanoCosmo PR for
Oportunmichael@cosmo-pr.com(415) 596-1978
Oportun Financial (NASDAQ:OPRT)
Historical Stock Chart
From Dec 2024 to Jan 2025
Oportun Financial (NASDAQ:OPRT)
Historical Stock Chart
From Jan 2024 to Jan 2025