Mon Sep 23 22:09:00 UTC 2024: ## Oportun Secures Extended Warehouse Facility, Fueling Continued Growth
**SAN CARLOS, Calif., Sept. 23, 2024** – Oportun Financial Corporation (Nasdaq: OPRT), a leading provider of responsible financial services, announced today the completion of an amendment and extension to its long-term warehouse facility. This move will further strengthen Oportun’s lending capabilities and drive its responsible growth strategy for years to come.
The extension, supported by prominent lenders Goldman Sachs and Jefferies, will provide Oportun with vital financing to continue its mission of offering accessible and affordable credit solutions to its members. Jonathan Coblentz, Oportun’s Chief Financial Officer, highlighted the importance of this partnership, stating, “This warehouse facility extension expands on Oportun’s longstanding lending relationships… This committed financing will help drive Oportun’s responsible growth in the years ahead.”
Oportun leverages a diverse capital structure including committed warehouse facilities, asset-backed securitizations, corporate-level debt financing, and whole loan sales. Since its inception, the company has provided over $18.7 billion in responsible and affordable credit, saving its members over $2.4 billion in interest and fees. Oportun’s commitment to financial inclusion has helped its members save an average of over $1,800 annually.
This extended warehouse facility represents a significant step forward for Oportun, enabling them to further their mission of empowering individuals and families with the financial tools they need to build a brighter future.
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