---
schema_version: "secwatch.filing_event.v1"
accession: "0001538716-25-000086"
form_type: "8-K"
ticker: "OPRT"
cik: "0001538716"
company_name: "Oportun Financial Corp"
filed_at: "2025-08-21T23:59:59+00:00"
generated_at: "2026-05-17T10:50:15.621783+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Oportun closes $538M asset-backed securitization with AAA senior notes; average yield 5.294%

## Summary
- 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.

## SEC filing metadata
- accession: 0001538716-25-000086
- form_type: 8-K
- ticker: OPRT
- cik: 0001538716
- company_name: Oportun Financial Corp
- filed_at: 2025-08-21T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538716/000153871625000086/0001538716-25-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538716/000153871625000086/oprt-20250821.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001538716-25-000086
- JSON: https://secwatch.observer/filing/0001538716-25-000086.json
- Plain text: https://secwatch.observer/filing/0001538716-25-000086.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1538716/000153871625000086/0001538716-25-000086-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.