Oportun closes $439M ABS notes; first AAA rating, yield down 128 bps vs Jan

Oportun Financial Corp

Issued $439M two-year asset-backed notes across five classes; weighted avg yield 5.67%.
Weighted avg yield 128 bps lower than the prior January ABS transaction.
First AAA rating from Fitch on the Class A notes (AAA, AA-, A-, BBB-, BB-).
Class A coupon 4.88%; Class E priced at 98.95% with 9.40% coupon.
Interim CFO cites milestone as recognition of business strength and investor demand.

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