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Oportun Financial ( (OPRT) ) has shared an announcement.
Oportun Financial Corporation has secured a $235 million four-year Senior Secured Term Loan from Castlelake and Neuberger Berman to refinance its existing debt, enhancing capital structure and profitability. The loan, with a 15% fixed rate, provides balance sheet flexibility and is part of a larger strategy including selling its credit card portfolio. Oportun anticipates improved financial performance in 2025, with projected EPS and a favorable net charge-off rate, reflecting the company’s commitment to sustainable growth and shareholder value.
For an in-depth examination of OPRT stock, go to TipRanks’ Stock Analysis page.
