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Oportun Financial ( (OPRT) ) has issued an announcement.
Oportun Financial Corporation has enhanced its lending capabilities with a Master Amendment that extends its personal loan warehouse facility for two years, increasing its borrowing capacity to $306.45 million. The PLW Facility terms include an interest rate based on Term SOFR with a 3.45% spread and an advance rate of 95%. Additionally, Oportun has entered into an agreement with Continental Purchasing, LLC to sell its credit card portfolio, with the transaction set to close around November 10, 2024. These strategic financial moves are part of Oportun’s continued commitment to growth and providing responsible financial services.
See more data about OPRT stock on TipRanks’ Stock Analysis page.
