Reported Earlier, Oportun Enhances Capital Structure With $235M Term Loan To Strengthen Profitability And Balance Sheet Flexibility
Portfolio Pulse from Benzinga Newsdesk
Oportun has secured a $235 million Senior Secured Term Loan to refinance its existing corporate financing, enhancing its balance sheet flexibility and profitability. The loan, led by Castlelake L.P. and Neuberger Berman, carries a 15% fixed rate and matures in November 2028.
October 30, 2024 | 8:09 am
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Oportun has entered into a $235 million Term Loan agreement to refinance its existing corporate financing, which is expected to enhance its balance sheet flexibility and profitability. The loan is led by Castlelake and Neuberger Berman.
The refinancing with a $235 million Term Loan is a significant move for Oportun, enhancing its financial flexibility and profitability. This strategic financial restructuring is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
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