Oportun Financial Corporation (OPRT) Enhances Debt Capital Structure with $247M Warehouse Facility

Oportun Financial Corporation (NASDAQ:OPRT) is one of the top credit services stocks to buy amid the US rate cut. On October 14, Oportun Financial Corporation (NASDAQ:OPRT) successfully enhanced its debt capital structure. The company closed a $247 million three-year revolving term committed warehouse facility with Citizens Financial Group.Oportun Financial Corporation (OPRT) Enhances Debt Capital Structure with $247M Warehouse Facility

Additionally, it secured a 12-month extension of an existing warehouse facility with Goldman Sachs. The two warehouse facilities are priced at favorable terms and expected to reduce financing costs. In addition, the total committed warehouse capacity has increased to $1.14 billion from $954 million. The weighted term for the combined warehouse facilities has also increased to 25 months from 17 months.

“Reducing total warehouse financing costs while increasing committed warehouse capacity helps ensure Oportun is well placed to continue delivering for our investors and members,” said Paul Appleton, Interim Chief Financial Officer at Oportun.

Oportun Financial Corporation (NASDAQ:OPRT) is a financial services company that provides loans, savings, and budgeting tools, particularly for individuals with limited or no credit history. It offers personal and auto loans, as well as digital banking and savings products, leveraging AI to assess creditworthiness and help manage financial goals. While we acknowledge the potential of OPRT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Billionaire Steve Cohen’s 10 Small-Cap Stock Picks with Huge Upside Potential and Top 10 Stocks to Buy As Gold Rallies. Disclosure: None. This article is originally published at Insider Monkey.

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