Oportun Financial Corp (OPRT) has released an update.
Oportun Financial Corporation has announced the launch of a $199.5 million securitization backed by personal installment loans. This move introduced four classes of fixed-rate asset-backed notes with an average yield of 8.600% per annum. Aimed at private investors under Rule 144A, this strategic financial step highlights the company’s efforts to diversify funding and enhance liquidity, offering an engaging opportunity for those looking to invest in the credit market.
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