Oportun Closes New $245M Long-Term Warehouse Facility With Deutsche Bank And Jefferies; Features Three-Year Revolving Period And Is Collateralized By Unsecured And Secured Loan Originations
Portfolio Pulse from Benzinga Newsdesk
Oportun has secured a new $245 million long-term warehouse facility with Deutsche Bank and Jefferies. The facility features a three-year revolving period and is collateralized by unsecured and secured loan originations.
August 05, 2024 | 8:38 pm
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Oportun has secured a $245 million long-term warehouse facility with Deutsche Bank and Jefferies, which includes a three-year revolving period and is collateralized by unsecured and secured loan originations.
The new facility provides Oportun with significant financial flexibility and liquidity, which is likely to be viewed positively by investors. The three-year revolving period and collateralization by loan originations further strengthen the company's financial position.
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