{"schema_version":"secwatch.filing_event.v1","accession":"0001538716-24-000123","form_type":"8-K","ticker":"OPRT","cik":"0001538716","company_name":"Oportun Financial Corp","filed_at":"2024-09-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:13.449242+00:00","generated_at":"2026-05-31T01:33:22.327635+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Oportun extends warehouse facility to $306M and agrees to sell credit card portfolio to Continental Finance","bullets":["Amended personal loan warehouse facility to $306.45M total commitment with a two-year revolving period, effective Sep 20, 2024.","Borrowings under amended facility bear interest at Term SOFR plus weighted average spread of 3.45%, with advance rate of 95% (reducible to 92%).","Entered Receivables Purchase Agreement on Sep 24, 2024 to sell credit card portfolio to Continental Purchasing, LLC.","Sale price equals ~70% of the receivables balance of current and <30-day delinquent receivables; closing anticipated on or around Nov 10, 2024.","Sale expected to be accretive by ~$2M to Adj. EBITDA in 2024 and ~$11M in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001538716-24-000123","json":"https://secwatch.observer/filing/0001538716-24-000123.json","markdown":"https://secwatch.observer/filing/0001538716-24-000123.md","text":"https://secwatch.observer/filing/0001538716-24-000123.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538716/000153871624000123/0001538716-24-000123-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538716/000153871624000123/oprt-20240920.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T01:33:22.327635+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}