Oportun completes $223.25M asset-backed securitization with weighted avg coupon 8.07%

Oportun Financial Corp

Issued four classes of notes: Class A (AA-, 5.86%), B (A-, 5.83%), C (BBB-, 6.61%), D (BB-, 10.47%).
Secured by pool of unsecured and secured personal installment loans; KBRA rated all classes.
Since June 2023, Oportun has raised over $1.8B in diversified financings including this deal.
PLW facility amended to extend termination date to Oct 8, 2024; no draws available during extension.

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