Oportun Financial Corp (OPRT): debt financing — Oportun adds $247M warehouse, completes $441M ABS; lowers debt costs

Oportun Financial Corp

New $247M three-year warehouse facility with Citizens and Community Investment Management; total capacity rises to $1.14B.
Extended Goldman Sachs/Jefferies warehouse by 12 months; average remaining term increases to 25 months from 17.
Repaid $17.5M of higher-cost corporate debt in Oct; total $50M repaid since Oct 2024.
Completed $441M ABS (2025-D) with five classes; weighted average yield 5.77%, coupon 5.69%.
Class A notes rated AAA by Fitch; third consecutive AAA-rated ABS transaction.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Oportun Financial Corp incurred senior notes of approximately $441 million with Wilmington Trust, National Association, as indenture trustee, as securities intermediary and as depositary bank at weighted average yield of 5.77% per annum and a weighted average coupon of 5.69% maturing two-year revolving fixed rate.

Instrument: senior notes
Principal: approximately $441 million
Counterparty: Wilmington Trust, National Association, as indenture trustee, as securities intermediary and as depositary bank
Rate: weighted average yield of 5.77% per annum and a weighted average coupon of 5.69%
Maturity: two-year revolving fixed rate
Event: incurrence

Exact text from the filing

On October 17, 2025, the Company issued approximately $441 million of two-year revolving fixed rate asset-backed notes (the “Notes”) by Oportun Issuance Trust 2025-D (the “Issuer”), secured by a pool of its unsecured and secured personal installment loans (the “2025-D Securitization”).

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Oportun Financial Corp incurred credit facility of borrowing capacity of approximately $247 million with Wilmington Trust, National Association as collateral agent, administrative agent, paying agent, securities intermediary and depositary bank; Lenders from time to time party thereto at Term SOFR plus a weighted average spread up to 2.58% maturing three-year term.

Instrument: credit facility
Principal: borrowing capacity of approximately $247 million
Counterparty: Wilmington Trust, National Association as collateral agent, administrative agent, paying agent, securities intermediary and depositary bank; Lenders from time to time party thereto
Rate: Term SOFR plus a weighted average spread up to 2.58%
Maturity: three-year term
Event: incurrence

Exact text from the filing

paying agent, securities intermediary and depositary bank (“Wilmington Trust”). The PLW IV Warehouse Facility has a three-year term and a borrowing capacity of approximately $247 million. Borrowings under the Loan and Security Agreement accrue interest at an interest rate no greater than Term SOFR plus a weighted average spread up to 2.58%. The advance rate for

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304 debt financings filed in the last 30 days. Browse all debt financings →

Oportun Financial Corp filing history →

Source: SEC EDGAR

accession 0001193125-25-243729

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