Brief: Oportun Announces Definitive Agreement To Sell Its Credit Card Portfolio

Oportun Financial

25/09/2024 23:25

Oportun Financial Corp  OPRT.O :
    * OPORTUN ANNOUNCES DEFINITIVE AGREEMENT TO SELL ITS CREDIT
CARD
PORTFOLIO
    * OPORTUN FINANCIAL CORP - SALE EXPECTED TO BE ACCRETIVE BY
$2
MILLION TO ADJUSTED EBITDA IN 2024
    * OPORTUN FINANCIAL CORP - TO SELL CREDIT CARD PORTFOLIO TO
CONTINENTAL FINANCE
    * OPORTUN FINANCIAL CORP - TRANSACTION EXPECTED TO RESULT IN
$11
MILLION ADJUSTED EBITDA FAVORABILITY IN 2025

Source text for Eikon:  ID:nGNX3SZMqq 
Further company coverage:  OPRT.O