Oportun Closes $187.5 Million Committed Warehouse Facility

Oportun Closes $187.5 Million Committed Warehouse Facility

Benzinga
April 2, 2025

SAN CARLOS, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today announced the closing of a new warehouse facility. Features of this facility include:

$187.5 million total commitment

Natixis Corporate & Investment Banking, as senior lender

Neuberger Berman, on behalf of client funds, as mezzanine lender

Two-year revolving period

Collateralization by Oportun's unsecured and secured personal loan originations

"This new warehouse facility materially increases Oportun's warehouse capacity with a diversified group of lenders," said Paul Appleton, Interim Chief Financial Officer of Oportun. "With the support of Natixis and Neuberger Berman, 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 $19.7 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 Natixis Corporate & Investment Banking

Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial ...

https://www.benzinga.com/pressreleases/25/04/g44617870/oportun-closes-187-5-million-committed-warehouse-facility

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