Oportun Financial Corporation announced on September 23, 2024, the closing of an amendment and extension to its long-term warehouse facility. This facility, totaling $306 million, expands Oportun’s lending relationships and capital sources.
The committed financing, supported by lenders Goldman Sachs and Jefferies, is expected to drive Oportun’s responsible growth in the years ahead. This extension is part of Oportun's diverse capital strategy, which includes securitizations, corporate debt, and whole loan sales.
The continued access to such a significant funding source is crucial for Oportun, a mission-driven financial services company, to maintain its operations and pursue its strategic objectives in providing credit to its target market.
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