Oportun Financial Corporation announced on August 21, 2025, the completion of an approximately $538 million asset-backed securitization. This transaction involved the issuance of two-year revolving fixed-rate notes secured by a pool of unsecured and secured installment loans.
The company achieved its second AAA rating on the most senior bonds from Fitch, and the weighted average yield on this securitization was 5.294%, which is 38 basis points lower than its June ABS financing. This demonstrates continued strong demand and confidence from investors.
Following the second quarter and this ABS transaction, Oportun proactively paid $10 million toward its mandatory corporate loan payments due by January 2026. This action further strengthens its balance sheet by reducing the initial $235 million corporate financing facility balance to $212.5 million.
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