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

Sep 15, 2022•about 3 years ago

Amount Raised

$150 Million

San CarlosReal Estate InvestmentReal EstateFinanceFinancial Services

Description

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 Information

Company

Oportun

Location

888-408-3020 Complaints@Oportuncom

San Carlos, California, United States

About

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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