Oportun Announces $441 Million Asset-Backed Notes Issuance with 5.77% Yield and AAA Rating on Senior Bonds

Oportun issued $441 million in asset-backed notes, achieving a 5.77% yield and a third consecutive AAA rating.

Quiver AI Summary

Oportun, a mission-driven financial services company, announced the issuance of $441 million in two-year revolving fixed-rate asset-backed notes, supported by a pool of installment loans. This offering encompasses five classes of notes, all rated by Fitch, with the most senior Class A notes receiving a AAA rating. The notes have a weighted average yield of 5.77%, reflecting strong investor demand and Oportun's ability to secure low-cost funding. This marks the company's fourth asset-backed security transaction of the year and the third consecutive one with a AAA rating. Oportun emphasizes its dedication to providing affordable credit and empowering its members to achieve their financial goals.

Potential Positives

Oportun achieved a AAA rating on its most senior bonds for the third consecutive transaction, indicating strong creditworthiness and investor confidence.
The press release highlights Oportun's successful issuance of $441 million in asset-backed notes, demonstrating the company's ability to raise significant capital.
The weighted average yield of 5.77% reflects robust investor demand and the company’s sustained access to low-cost funding, which is favorable for its financial operations.
Since its inception, Oportun has provided over $20.3 billion in responsible and affordable credit, showcasing its strong market presence and commitment to consumer financial empowerment.

Potential Negatives

The interest rates on the notes, particularly the Class D and E notes with coupons of 6.97% and 10.82%, indicate a significant risk for investors, potentially raising concerns about the overall creditworthiness of the company’s borrower base.
While the AAA rating is a positive sign, the presence of lower-rated classes (BBB- and BB-) suggests that not all segments of the offering are perceived as similarly secure, which may create investor apprehension.
The reliance on asset-backed securities for funding could indicate underlying challenges in sourcing capital through more traditional or favorable means, which could be a cause for concern about the company's long-term financial stability.

FAQ

What is the yield on Oportun's latest bond issuance?

The average yield on Oportun's latest bond issuance is 5.77%.

Who served as the lead underwriters for the bond offering?

Deutsche Bank Securities Inc was the sole structuring agent, with Goldman Sachs, Jefferies, and Natixis as co-leads.

How many classes of notes were issued in this transaction?

This transaction included five classes of fixed-rate notes: Class A, B, C, D, and E.

What ratings did Fitch assign to the different classes of notes?

Fitch rated the notes AAA, AA-, A-, BBB-, and BB- for Classes A to E, respectively.

How much total credit has Oportun provided since inception?

Oportun has provided over $20.3 billion in responsible and affordable credit since inception.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$OPRT Insider Trading Activity

$OPRT insiders have traded $OPRT stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $OPRT stock by insiders over the last 6 months:

KATHLEEN I. LAYTON (Chief Legal Officer) sold 4,214 shares for an estimated $27,980

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$OPRT Hedge Fund Activity

We have seen 68 institutional investors add shares of $OPRT stock to their portfolio, and 48 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

NEUBERGER BERMAN GROUP LLC added 3,937,168 shares (+inf%) to their portfolio in Q2 2025, for an estimated $28,190,122
BLACKROCK, INC. added 1,670,245 shares (+193.6%) to their portfolio in Q2 2025, for an estimated $11,958,954
CANNELL CAPITAL LLC added 1,578,902 shares (+7067.0%) to their portfolio in Q2 2025, for an estimated $11,304,938
PORTOLAN CAPITAL MANAGEMENT, LLC added 801,116 shares (+97.9%) to their portfolio in Q2 2025, for an estimated $5,735,990
MILLENNIUM MANAGEMENT LLC removed 603,747 shares (-31.2%) from their portfolio in Q2 2025, for an estimated $4,322,828
FINDELL CAPITAL MANAGEMENT LLC removed 565,000 shares (-16.6%) from their portfolio in Q2 2025, for an estimated $4,045,400
MARSHALL WACE, LLP removed 529,145 shares (-47.9%) from their portfolio in Q2 2025, for an estimated $3,788,678

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$OPRT Analyst Ratings

Wall Street analysts have issued reports on $OPRT in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 10/07/2025

To track analyst ratings and price targets for $OPRT, check out Quiver Quantitative's $OPRT forecast page.

Full Release

5.77% average yield, demonstrates Oportun’s continued access to low-cost funding

Third consecutive transaction with AAA rating on most senior bonds

SAN CARLOS, Calif., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced the issuance of $441 million of two-year revolving fixed rate asset-backed notes secured by a pool of unsecured and secured installment loans.

The offering included five classes of fixed rate notes: Class A, Class B, Class C, Class D, and Class E. Fitch rated all classes of notes, assigning ratings of AAA, AA-, A-, BBB-, and BB-, respectively. Deutsche Bank Securities Inc served as the sole structuring agent and co-lead, and Goldman Sachs & Co. LLC, Jefferies LLC and Natixis Corporate & Investment Banking also served as co-leads.

The weighted average coupon on the transaction was 5.69%, and the weighted average yield was 5.77%. The Class A notes were priced with a coupon of 4.53% per annum; the Class B notes were priced with a coupon of 5.31% per annum; the Class C notes were priced with a coupon of 5.80% per annum; the Class D notes were priced with a coupon of 6.97% per annum; and the Class E notes were priced with a coupon of 10.82% per annum.

“This was Oportun’s fourth ABS transaction of the year and our third consecutive deal with a AAA rating,” said Paul Appleton, Interim Chief Financial Officer at Oportun. “The 5.77% yield on this bond issuance reflects robust investor demand and our ability to consistently raise low-cost sources of capital to fund our operations in service of our members.”

For more information visit oportun.com . The notes were offered pursuant to Rule 144A under the Securities Act of 1933, as amended.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Oportun
Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members' financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $20.3 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit Oportun.com .

Investor Contact
Dorian Hare
(650) 590-4323
[email protected]

Media Contact
Michael Azzano
Cosmo PR for Oportun
(415) 596-1978
[email protected]