Oportun And Ellington Extend Relationship With Up To $70M In New Whole Loan Sales
Portfolio Pulse from Benzinga Newsdesk
Oportun (NASDAQ:OPRT) and Ellington Management Group have announced their intent to enter into a new whole loan flow sale transaction. Under the terms of the deal, Oportun is expected to sell Ellington up to $70 million of personal loan production over the next 12 months.
October 20, 2023 | 7:14 am
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Oportun (OPRT) is expected to sell up to $70 million of personal loan production to Ellington Management Group over the next 12 months. This could potentially increase the company's liquidity.
The sale of up to $70 million of personal loan production to Ellington could potentially increase Oportun's liquidity, which could positively impact the company's financial stability and potentially its stock price in the short term.
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