- Oportun Financial ( NASDAQ: OPRT ) said Friday it priced $400M of series 2022-2 fixed rate asset-backed notes in a private asset-backed securitization deal secured by unsecured and secured installment loans.
- The notes were priced with a weighted average yield of 7.996% per annum and weighted average interest rate of 7.77%.
- The offering included class A, class B, class C and class D notes, which were placed with institutional investors in a private offering.
- The deal will close on Jul. 22.
For further details see:
Oportun Financial prices $400M of asset-backed notes