|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
WebBank Closes $150MM Facility Secured by Credit Card Receivables for Oportun
Tuesday, December 21, 2021
|
Lenders/Participants
|
WebBank [Lender]
|
|
Structure
|
Credit Facility
|
|
Amount
|
$150.000
Million
|
|
Borrower(s)
|
Oportun
|
|
Description
|
Credit facility secured by credit card receivables arising under the company’s Oportun Visa Credit Card issued by WebBank. The new facility, which carries a two-year revolving term and replaces Oportun’s existing retention facility. The new facility will be used to meet the continuing demand and growth of the credit card program.
|
|
Industry
|
FinTech
|
| Related Tags |
WebBank
|
ABL Advisor
Deal Tables
2025
|
|
|
|