Oportun Financial Corporation entered into a receivables loan and security agreement for the private placement of a structured financing facility for gross proceeds of $197 million on October 23, 2023. The transaction included participation from certain funds and affiliates of new lender, Castlelake, L.P. The security has been issued at a discount having face value of $200 million and carries interest at a blended rate equal to 10.05%.
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5-day change | 1st Jan Change | ||
3.15 USD | +1.61% | +37.55% | -19.44% |
Apr. 24 | B. Riley Adjusts Oportun Financial's Price Target to $8 From $9, Keeps Buy Rating | MT |
Apr. 23 | Sector Update: Financial Stocks Advance Late Afternoon | MT |
EPS Revisions
1st Jan change | Capi. | |
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-19.44% | 109M | |
-8.14% | 49.88B | |
-5.25% | 30.53B | |
+63.88% | 29.08B | |
+20.03% | 23.38B | |
+16.97% | 17.94B | |
-6.99% | 11.81B | |
+21.92% | 11.27B | |
-20.90% | 8.31B | |
+14.34% | 8.13B |
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- Oportun Financial Corporation announced that it has received $197 million in funding from Castlelake, L.P.