secwatch.observer — SEC 8-K summary
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Issuer:     Oportun Financial Corp (OPRT)
CIK:        0001538716
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001538716-25-000028
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oportun closes $187.5M personal loan warehouse facility; total capacity now $954M
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- New warehouse facility has a two-year term, borrowing capacity of $187.5M, and advance rate of 95% (92% under certain triggers).
- Borrowings accrue interest at up to Term SOFR plus weighted average spread of 3.34%.
- Lenders include Natixis Corporate & Investment Banking (senior) and Neuberger Berman (mezzanine).
- Facility collateralized by Oportun's unsecured and secured personal loan originations.
- Increases total committed warehouse capacity from ~$766.5M to $954M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538716/000153871625000028/0001538716-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538716/000153871625000028/oprt-20250402.htm
  HTML page:      https://secwatch.observer/filing/0001538716-25-000028

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