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Oportun Closes Four-Year $150 Million Senior Secured Term Loan

Oportun Closes Four-Year $150 Million Senior Secured Term Loan

09/15/22, 12:32 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsan carlos
Money raised
$150 million
Industry
real estate investment
real estate
finance
financial services
Oportun Financial Corporation (Nasdaq: OPRT) (the “Company” or “Oportun”), a mission-driven fintech and digital banking platform, today announced that it has closed a $150 million senior secured term loan due in 2026 from funds managed or sub-advised by Neuberger Berman Specialty Finance.

Company Info

Company
Oportun
Location
888-408-3020 complaints@oportuncom
san carlos, california, united states
Additional Info
The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. The firm manages $418 billion in client assets as of June 30, 2022. Since inception, Oportun has provided more than $14 billion in responsible and affordable credit, saved its members more than $2.3 billion in interest and fees, and automatically helped members set aside more than $8.1 billion for rainy days and other needs.

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