Oportun Financial Corp 8-K, filed Mar 10, 2020
Oportun Financial Corp (OPRT)
8-K
2020-03-10
For: 2020-03-09
View Original
Added on
April 07, 2026
About this 8-K
Oportun Financial Corp filed this 8-K on March 10, 2020, reporting on events of March 9, 2020.
Items reported
- Item 1.02: Ended a material agreement
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
(Exact Name of Registrant as Specified in its Charter)
Commission File Number 001-12345
State or Other Jurisdiction of Incorporation or Organization | I.R.S. Employer Identification No. | ||
Address of Principal Executive Offices | Zip Code | ||
(650 ) 810-8823
Registrant’s Telephone Number, Including Area Code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.02. Termination of a Material Definitive Agreement
On March 9, 2020 (the "Redemption Date"), Oportun Funding VI, LLC, as issuer (the "Issuer"), a wholly-owned subsidiary of the Company, completed the redemption (the "Redemption") of the Notes of Series 2017-A (the "Notes"). The Notes were issued pursuant to the Base Indenture dated as of June 8, 2017 (the "Base Indenture") entered into between the Issuer and Wilmington Trust, National Association, as trustee (the "Trustee"), as supplemented by the Series 2017-A Supplement to the Base Indenture, dated as of June 8, 2017 (the "Series Supplement"). The Issuer paid a redemption price of $160.0 million (the "Redemption Price") to the Trustee, plus the accrued and unpaid interest to, but not including, the date of the redemption, which is the amount sufficient to fund the Redemption and to satisfy and discharge the Issuer's obligations under the Notes and the Base Indenture.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit Number | |
104 | Cover Page Interactive Data File embedded within the Inline XBRL document |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
OPORTUN FINANCIAL CORPORATION | |||
(Registrant) | |||
Date: | March 9, 2020 | By: | /s/ Jonathan Coblentz |
Jonathan Coblentz | |||
Chief Financial Officer and Chief Administrative Officer | |||
(Principal Financial and Accounting Officer) | |||