debt
confidence high
sentiment neutral
materiality 0.60
Oportun borrows $25M incremental term loans, issues warrants for 1.05M shares
Oportun Financial Corp
- Borrowed $25M in incremental Tranche B Loans under corporate facility dated Sept 14, 2022.
- Up to an additional $25M in Incremental Tranche C Loans expected available around June 23, 2023.
- Issued warrants to purchase 1,048,363 shares of common stock at $0.01 per share to the lenders.