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Jun 30, 2024
Oportun Q2 2024 Earnings Report
Announced a new $245 million committed warehouse facility.
Key Takeaways
Oportun announced the closing of a new $245 million long-term warehouse facility with Deutsche Bank AG as senior lender and Jefferies as mezzanine lender. This financing is expected to support the company's responsible growth.
New warehouse facility with a total commitment of $245 million.
Deutsche Bank AG, New York branch, is the senior lender, establishing a new lending relationship for Oportun.
Jefferies is the mezzanine lender, continuing their longstanding relationship with Oportun.
The facility has a three-year revolving period and is collateralized by Oportun’s unsecured and secured loan originations.