Extends the term of an existing warehouse facility with Goldman Sachs and Jefferies by 12 months
Increases weighted average remaining term of combined warehouse facilities from 17 months to 25 months
Proactively paid down $17.5 million of higher cost corporate debt in October, resulting in $50 million of total corporate debt paid down since October 2024
SAN CARLOS, Calif., Oct. 14, 2025 (GLOBE NEWSWIRE) -- Oportun (NASDAQ:OPRT), a mission-driven financial services company, today announced several enhancements to its debt capital structure:
The closing of a new $247 million, three-year revolving term committed warehouse facility with Citizens Financial Group, Inc., as senior lender and Community Investment Management, as mezzanine lender.
A 12-month extension of an existing warehouse facility with Goldman Sachs as senior lender and Jefferies as mezzanine lender.
Both warehouse facilities were priced more favorably than existing warehouse facilities and reduced overall warehouse financing costs. The structure of the other existing warehouse facilities remains unchanged.
An increase in total committed warehouse capacity from $954 million to $1.14 billion, and an increase in the weighted average remaining term for combined warehouse facilities from 17 months to 25 months.
The repayment of $17.5 million of higher cost corporate debt since the end of the third quarter, resulting in a total corporate debt pay-down of $50 million since the facility's inception in October 2024.
"Reducing total warehouse financing costs while increasing committed warehouse capacity helps ensure ...
