debt
confidence high
sentiment neutral
materiality 0.60
Oportun increases PLW II borrowing capacity to $337.1M, interest at SOFR + 3.07%
Oportun Financial Corp
- Amendment to Loan and Security Agreement raises borrowing capacity to $337.1 million.
- Borrowings accrue interest at Term SOFR plus a weighted average spread of 3.07%.
- Effective November 1, 2024; subsidiary Oportun PLW II Trust is borrower.