secwatch.observer — SEC 8-K summary
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Issuer:     Oportun Financial Corp (OPRT)
CIK:        0001538716
Form:       8-K
Filed at:   2024-11-15T23:59:59+00:00
Accession:  0001538716-24-000141
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538716/000153871624000141/0001538716-24-000141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538716/000153871624000141/oprt-20241114.htm
  HTML page:      https://secwatch.observer/filing/0001538716-24-000141

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