Oportun Strengthens Debt Capital Structure With $485 Million Asset Backed Securitization and Corporate Debt Repayments

Core Viewpoint - Oportun has successfully issued $485 million in two-year revolving fixed rate asset-backed notes, demonstrating its ability to raise capital at favorable terms while maintaining a strong financial performance [1][4]. Group 1: Financial Performance - The company repaid $37.5 million of corporate debt during the fourth quarter of 2025 and a total of $70 million throughout the year [1][4]. - Oportun has raised over $1.9 billion in capital through the ABS market in the last nine months at sub-6% yields [4]. Group 2: ABS Transaction Details - The recent ABS transaction had a weighted average coupon of 5.25% and a weighted average yield of 5.32% [3]. - The offering included five classes of fixed rate notes, rated from AAA to BB- by Fitch [2][3]. Group 3: Company Overview - Oportun is a mission-driven financial services company that has provided over $21.3 billion in responsible and affordable credit since its inception [6]. - 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 [6].