Oportun closes new senior secured term loan; issues warrants for 9.8% equity stake

Oportun Financial Corp

New senior secured term loan funded on Nov 14, 2024 by affiliates of Castlelake L.P. and Neuberger Berman.
Issued warrants at $0.01 per share to lenders covering 9.8% of fully-diluted common stock on a pro forma basis.
Existing $0.0 principal? 2022 credit agreement and 2021 indenture terminated in connection with the closing.

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