Oportun Completes $425 Million Asset Backed Securitization
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Oportun (Nasdaq: OPRT) has successfully completed a $425 million asset-backed securitization, which was significantly oversubscribed and achieved a 6.95% average yield, 127 basis points lower than its previous financing.
January 16, 2025 | 9:15 pm
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Oportun has completed a $425 million asset-backed securitization, which was oversubscribed by over seven times and achieved a 6.95% average yield, 127 basis points lower than its previous financing.
The successful completion of the securitization at a lower yield than previous financing indicates strong demand and confidence in Oportun's financial products. This is likely to positively impact Oportun's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100