Oportun Closes $187.5 Million Committed Warehouse Facility
Oportun (Nasdaq: OPRT) has successfully closed a new $187.5 million warehouse facility, increasing its total committed warehouse capacity to $954 million. The facility features a two-year revolving period and will be collateralized by Oportun's unsecured and secured personal loan originations.
The new facility is structured with Natixis Corporate & Investment Banking as the senior lender and Neuberger Berman, representing client funds, as the mezzanine lender. According to Paul Appleton, Interim CFO, this financing will support Oportun's responsible growth strategy. The company maintains diverse capital sources, including committed warehouse facilities, asset-backed securitizations, corporate-level debt financing, and whole loan sales.
Oportun (Nasdaq: OPRT) ha chiuso con successo una nuova linea di credito di 187,5 milioni di dollari, aumentando la sua capacità di magazzino totale impegnata a 954 milioni di dollari. La linea prevede un periodo di rotazione di due anni e sarà garantita dalle origini di prestiti personali non garantiti e garantiti di Oportun.
La nuova struttura è organizzata con Natixis Corporate & Investment Banking come prestatore principale e Neuberger Berman, che rappresenta fondi dei clienti, come prestatore mezzanino. Secondo Paul Appleton, CFO ad interim, questo finanziamento sosterrà la strategia di crescita responsabile di Oportun. L'azienda mantiene fonti di capitale diversificate, comprese linee di credito impegnate, cartolarizzazioni supportate da attivi, finanziamenti a livello aziendale e vendite di prestiti integrali.
Oportun (Nasdaq: OPRT) ha cerrado con éxito una nueva facilidad de crédito de 187,5 millones de dólares, aumentando su capacidad total de crédito comprometida a 954 millones de dólares. La facilidad cuenta con un período de rotación de dos años y estará garantizada por los préstamos personales no garantizados y garantizados de Oportun.
La nueva facilidad está estructurada con Natixis Corporate & Investment Banking como prestamista principal y Neuberger Berman, que representa fondos de clientes, como prestamista mezzanino. Según Paul Appleton, CFO interino, este financiamiento apoyará la estrategia de crecimiento responsable de Oportun. La empresa mantiene fuentes de capital diversas, incluyendo facilidades de crédito comprometidas, titulizaciones respaldadas por activos, financiamiento a nivel corporativo y ventas de préstamos completos.
Oportun (Nasdaq: OPRT)는 새로운
새로운 시설은 Natixis Corporate & Investment Banking이 선순위 대출자로, Neuberger Berman이 고객 자금을 대표하여 메자닌 대출자로 구성되어 있습니다. Paul Appleton 임시 CFO에 따르면, 이 자금 조달은 Oportun의 책임 있는 성장 전략을 지원할 것입니다. 이 회사는 약속된 대출 시설, 자산 담보 증권화, 기업 수준의 부채 자금 조달 및 전체 대출 판매를 포함한 다양한 자본 출처를 유지하고 있습니다.
Oportun (Nasdaq: OPRT) a réussi à clôturer une nouvelle ligne de crédit de 187,5 millions de dollars, augmentant sa capacité totale de crédit engagée à 954 millions de dollars. La ligne offre une période de rotation de deux ans et sera garantie par les origines de prêts personnels non garantis et garantis d'Oportun.
La nouvelle ligne est structurée avec Natixis Corporate & Investment Banking en tant que prêteur senior et Neuberger Berman, représentant des fonds clients, en tant que prêteur mezzanine. Selon Paul Appleton, CFO intérimaire, ce financement soutiendra la stratégie de croissance responsable d'Oportun. L'entreprise maintient des sources de capital diversifiées, y compris des lignes de crédit engagées, des titrisations adossées à des actifs, un financement au niveau de l'entreprise et des ventes de prêts complets.
Oportun (Nasdaq: OPRT) hat erfolgreich eine neue 187,5 Millionen Dollar Kreditfazilität abgeschlossen, wodurch die insgesamt zugesagte Kreditkapazität auf 954 Millionen Dollar erhöht wurde. Die Fazilität hat eine zweijährige revolvierende Periode und wird durch die unbesicherten und besicherten Privatkreditvergaben von Oportun abgesichert.
Die neue Fazilität wird mit Natixis Corporate & Investment Banking als vorrangigem Kreditgeber und Neuberger Berman, das Kundengelder vertritt, als nachrangigem Kreditgeber strukturiert. Laut Paul Appleton, Interim CFO, wird diese Finanzierung die verantwortungsvolle Wachstumsstrategie von Oportun unterstützen. Das Unternehmen hält verschiedene Kapitalquellen bereit, darunter zugesagte Kreditfazilitäten, asset-backed Securitizations, Unternehmensfinanzierungen und den Verkauf von Gesamtdarlehen.
- Secured $187.5 million in new committed warehouse facility
- Increased total warehouse capacity to $954 million
- Diversified lending sources with new institutional partners
- Two-year revolving period provides medium-term funding stability
- None.
Increases total committed warehouse capacity to
SAN CARLOS, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced the closing of a new warehouse facility. Features of this facility include:
$187.5 million total commitment- Natixis Corporate & Investment Banking, as senior lender
- Neuberger Berman, on behalf of client funds, as mezzanine lender
- Two-year revolving period
- Collateralization by Oportun’s unsecured and secured personal loan originations
“This new warehouse facility materially increases Oportun’s warehouse capacity with a diversified group of lenders,” said Paul Appleton, Interim Chief Financial Officer of Oportun. “With the support of Natixis and Neuberger Berman, this committed financing will help drive Oportun’s responsible growth in the years ahead.”
Oportun maintains a diverse set of capital sources including committed warehouse facilities, asset-backed securitizations, corporate-level debt financing, and whole loan sales.
About Oportun
Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than
About Natixis Corporate & Investment Banking
Natixis Corporate & Investment Banking is a leading global financial institution that provides advisory, investment banking, financing, corporate banking and capital markets services to corporations, financial institutions, financial sponsors and sovereign and supranational organizations worldwide.
Our teams of experts in about 30 countries advise clients on their strategic development, helping them to grow and transform their businesses, and maximize their positive impact. Natixis CIB is committed to aligning its financing portfolio with a carbon neutrality path by 2050 while helping its clients reduce the environmental impact of their business.
As part of Groupe BPCE, the second largest banking group in France through the Banque Populaire and Caisse d’Epargne retail networks, Natixis CIB benefits from the Group’s financial strength and solid financial ratings (Standard & Poor's: A+, Moody's: A1, Fitch: A+, R&I: A+).
About Neuberger Berman
Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages
Forward-Looking Statements
This press release contains forward-looking statements. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained in this press release, including statements as to our expectations regarding our future growth, are forward-looking statements. These statements can be generally identified by terms such as “expect,” “plan,” “goal,” “target,” “anticipate,” “assume,” “predict,” “project,” “outlook,” “continue,” “due,” “may,” “believe,” “seek,” or “estimate” and similar expressions or the negative versions of these words or comparable words, as well as future or conditional verbs such as “will,” “should,” “would,” “likely” and “could.” These statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events, financial trends and risks and uncertainties that we believe may affect our business, financial condition and results of operations. These risks and uncertainties include those risks described in our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. These forward-looking statements speak only as of the date on which they are made and, except to the extent required by federal securities laws, we disclaim any obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. In light of these risks and uncertainties, there is no assurance that the events or results suggested by the forward-looking statements will in fact occur, and you should not place undue reliance on these forward-looking statements.
Investor Contact
Dorian Hare
(650) 590-4323
ir@oportun.com
Media Contact
Michael Azzano
Cosmo PR for Oportun
(415) 596-1978
michael@cosmo-pr.com
FAQ
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