secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001193125-22-113176
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi subsidiary enters $75M total return swaps on consumer receivables with Midtown Madison
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- OppFi-LLC enters TRS with Midtown Madison affiliates providing credit protection on $75M revolving credit facility backed by consumer receivables.
- TRS allows OppFi-LLC to obtain economic benefit of receivables without ownership, with payments based on interest and principal losses.
- TRS terminates on earliest of April 2024 commitment termination, assignment to OppFi-LLC, or April 2025 final maturity.
- OppFi-LLC also enters servicing agreement to service the consumer receivables financed through the credit agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000119312522113176/0001193125-22-113176-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000119312522113176/d332606d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-113176

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