Oportun Financial Corp (OPRT): debt financing — Oportun closes $538M asset-backed securitization with AAA senior notes; average yield 5.294%

Oportun Financial Corp

Issued ~$538M of two-year revolving fixed-rate notes secured by installment loans; five classes rated AAA to BB- by Fitch.
Weighted average yield 5.294% (38 bps lower than June 2025 ABS deal); weighted average coupon 5.23%.
Senior Class A notes rated AAA with 4.49% coupon; Class E notes rated BB- with 9.20% coupon.
Company proactively paid $10M toward $27.5M mandatory corporate loan payments due Jan 2026; corporate facility balance reduced to $212.5M from $235M.
Jefferies sole structuring agent; Deutsche Bank, Goldman Sachs, Natixis co-leads.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Oportun Financial Corp incurred senior notes of $538 million with Wilmington Trust, National Association at weighted average yield of 5.29% per annum and a weighted average coupon of 5.23% maturing two-year revolving.

Instrument: senior notes
Principal: $538 million
Counterparty: Wilmington Trust, National Association
Rate: weighted average yield of 5.29% per annum and a weighted average coupon of 5.23%
Maturity: two-year revolving
Event: incurrence

Exact text from the filing

On August 21, 2025, Oportun Financial Corporation (the “Company”) issued a press release announcing the issuance of approximately $538 million of two-year revolving fixed rate asset-backed notes (the “Notes”) by Oportun Issuance Trust 2025-C (the “Issuer”) and secured by a pool of its unsecured and secured personal installment loans (the “2025-C Securitization”). The 2025-C Securitization included five classes of fixed rate notes. The Notes were offered and sold in a private placement in reliance on Rule 144A under the U.S. Securities Act of 1933, as amended, and were priced with a weighted average yield of 5.29% per annum and a weighted average coupon of 5.23% per annum.

View on SEC.gov

7 debt financings filed in the last 30 days. Browse all debt financings →

Oportun Financial Corp filing history →

Source: SEC EDGAR

accession 0001538716-25-000086

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.