---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-22-000210"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:57:59.050977+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Oportun closes $300M asset-backed securitization with weighted average yield of 10.935%

## Summary
- Issued $300M in fixed-rate asset-backed notes across four classes (A, B, C, D) rated AA (low) to BB by DBRS.
- Notes priced with weighted average yield of 10.935% and weighted average interest rate of 9.505%.
- Securitization secured by a pool of unsecured and secured personal installment loans.
- Jefferies led as book-runner; J.P. Morgan and Goldman Sachs served as joint book-runners.
- This marks Oportun’s fifth major financing in 2022; CFO cites strong capital markets access.

## SEC filing metadata
- accession: 0001538716-22-000210
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871622000210/0001538716-22-000210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871622000210/oprt-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-22-000210
- JSON: https://secwatch.observer/filing/0001538716-22-000210.json
- Plain text: https://secwatch.observer/filing/0001538716-22-000210.txt

## Key facts
- Debt Financings
  Oportun Financial Corp incurred senior notes of $300 million with Wilmington Trust, National Association at weighted average interest rate of 9.505% per annum maturing two years.
  - Instrument: senior notes
  - Principal: $300 million
  - Counterparty: Wilmington Trust, National Association
  - Rate: weighted average interest rate of 9.505% per annum
  - Maturity: two years
  - Event: incurrence
  source text: The Notes were issued pursuant to the Indenture dated as of November 3, 2022 (the “2022-3 Indenture”) entered into between the Issuer and Wilmington Trust, National Association, as indenture trustee, as securities intermediary and as depositary bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871622000210/0001538716-22-000210-index.htm
- Material Agreements
  Oportun Financial Corp entered into 2022-3 Indenture with Wilmington Trust, National Association valued at $300 million (effective 2022-11-03).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Wilmington Trust, National Association
  - Value: $300 million
  - Effective: 2022-11-03
  source text: The Notes were issued pursuant to the Indenture dated as of November 3, 2022 (the “2022-3 Indenture”) entered into between the Issuer and Wilmington Trust, National Association
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871622000210/0001538716-22-000210-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.