Business
Oportun Adds Additional Warehouse Capacity, Reduces Warehouse Financing Costs and Pays Down Additional Higher Cost Corporate Debt
Adds a new $247 million warehouse facility with Citizens Financial Group, Inc. and Community Investment Management Extends the term of an existing warehouse facility with Goldman Sachs and Jefferies by 12 months Increases weighted average remaining term of combined warehouse facilities from 17 months to 25 months Proactively paid down $17.5 million of higher cost corporate debt in October, resulting in $50 million of total corporate debt paid down since October 2024 SAN CARLOS, Calif., Oct. 14,
About this update from Citizens Financial Group, Inc.
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