secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2022-06-21T23:59:59+00:00
Accession:  0001193125-22-177145
Event type: debt
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 1.02, 2.03, 2.04, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi upsizes credit facility with Atalaya to $200M from $75M, extends maturity to June 2025
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- Facility increased from $75M to $200M with affiliates of Atalaya Capital Management.
- Revolving period extended by three years to June 14, 2025.
- Proceeds to fund receivables growth and repay ~$39.6M outstanding under Ares SPV VI Agreement.
- Benchmark interest rate replaced from Adjusted LIBOR to Term SOFR.
- Press release cites record consumer demand and inflationary pressures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000119312522177145/0001193125-22-177145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000119312522177145/d352077d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-177145

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer