secwatch.observer — SEC 8-K summary
======================================

Issuer:     Oportun Financial Corp (OPRT)
CIK:        0001538716
Form:       8-K
Filed at:   2024-09-03T23:59:59+00:00
Accession:  0001538716-24-000109
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538716/000153871624000109/0001538716-24-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538716/000153871624000109/oprt-20240829.htm
  HTML page:      https://secwatch.observer/filing/0001538716-24-000109

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer