---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-24-000129"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:12:11.979930+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Oportun enters $235M senior secured term loan with Castlelake and Neuberger Berman

## Summary
- Oportun signed $235 million Credit Agreement with Castlelake and Neuberger Berman on October 23, 2024 to refinance existing debt.
- Loan bears 15% interest, matures in 4 years, with mandatory repayments of $12.5M by July 2025 and $27.5M by Jan 2026.
- Lenders receive warrants for 9.8% of fully-diluted shares at $0.01 per share, plus board observer rights.
- Preliminary Q3 2024 results: Total Revenue $249-251M, Adjusted EBITDA $28-31M, Net Loss $(30-32)M, meeting guidance.
- Company expects 2025 Diluted EPS of $0.25-$0.50 and Adjusted EPS of $1.00-$1.25, with net charge-off rate 11-12%.

## SEC filing metadata
- accession: 0001538716-24-000129
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000129/0001538716-24-000129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871624000129/oprt-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-24-000129
- JSON: https://secwatch.observer/filing/0001538716-24-000129.json
- Plain text: https://secwatch.observer/filing/0001538716-24-000129.txt

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