Orrick Advises Oportun on $150 Million Corporate Financing

September.15.2022

Orrick advised Oportun Financial Corporation (Nasdaq: OPRT), a mission-driven fintech and digital banking platform, on a $150 million senior secured term loan facility provided by funds managed or sub-advised by Neuberger Berman Specialty Finance. The proceeds of the facility will be used for working capital and general corporate purposes, including to support future securitization and warehouse line financings.

The team advising on this financing was led by partners Adam Ross and Rob Moyle and also included senior associate Joanna Hernandez and managing associate Kyung Park.