Globenewswireยท2025-10-14 20:10Core Insights - Oportun has enhanced its debt capital structure by adding a new $247 million warehouse facility and extending an existing facility, which improves its financial position and capacity to provide affordable credit [1][6]. Debt Capital Structure Enhancements - A new $247 million warehouse facility has been established with Citizens Financial Group, Inc. and Community Investment Management [1][6]. - The term of an existing warehouse facility with Goldman Sachs and Jefferies has been extended by 12 months [1][6]. - The weighted average remaining term of combined warehouse facilities has increased from 17 months to 25 months [1][6]. Debt Repayment - Oportun proactively paid down $17.5 million of higher-cost corporate debt in October, totaling $50 million paid down since October 2024 [1][2][6]. - The initial balance of $235 million on the higher-cost corporate financing facility has been reduced to $185 million [3]. Financial Strategy - The new and extended warehouse facilities are priced more favorably than existing ones, reducing overall warehouse financing costs [2][6]. - The total committed warehouse capacity has increased from $954 million to $1.14 billion [6]. Company Overview - Oportun is a mission-driven financial services company that has provided over $20.8 billion in responsible and affordable credit since its inception [4]. - The company has saved its members more than $2.5 billion in interest and fees, helping them set aside an average of over $1,800 annually [4].