{"schema_version":"secwatch.filing_event.v1","accession":"0001818502-22-000021","form_type":"8-K","ticker":"OPFI","cik":"0001818502","company_name":"OppFi Inc.","filed_at":"2022-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.297660+00:00","generated_at":"2026-06-21T01:53:04.888617+00:00","sec_items":["1.01","1.02","2.03","2.04","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"OppFi closes $150M credit facility with Castlelake, repays $109M Ares facility","bullets":["$150M revolving credit facility; interest rate = SOFR + 7.50%; matures Dec 14, 2026.","Proceeds to finance receivables growth and repay ~$109M outstanding under prior Ares facility.","Prior Ares SPV III credit agreement terminated effective Dec 14, 2022.","Lenders: affiliate of Castlelake L.P.; Hudson Cove Capital Management also participating."],"urls":{"canonical":"https://secwatch.observer/filing/0001818502-22-000021","json":"https://secwatch.observer/filing/0001818502-22-000021.json","markdown":"https://secwatch.observer/filing/0001818502-22-000021.md","text":"https://secwatch.observer/filing/0001818502-22-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818502/000181850222000021/0001818502-22-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818502/000181850222000021/opfi-20221214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T01:53:04.888617+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d6c209b8c927de41516e981dec1580a545ec35b8","claim":"OppFi Inc. incurred revolving credit of $150.0 million with UMB Bank, N.A. (as administrative agent) at Term Secured Overnight Financing Rate plus 7.50% maturing December 14, 2026.","evidence_excerpt":"The Agreement provides for maximum borrowings of $150.0 million at an interest rate equal to the Term Secured Overnight Financing Rate plus 7.50% and a maturity date of December 14, 2026.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818502/000181850222000021/0001818502-22-000021-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$150.0 million"},{"label":"Counterparty","value":"UMB Bank, N.A. (as administrative agent)"},{"label":"Rate","value":"Term Secured Overnight Financing Rate plus 7.50%"},{"label":"Maturity","value":"December 14, 2026"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4820401504bce5d77a64272d10ce15b666d62371","claim":"OppFi Inc. terminated Ares SPV III Agreement with Ares Agent Service, L.P. as administrative agent and collateral agent, and the lenders party thereto valued at approximately $109.0 million (effective 2022-12-14).","evidence_excerpt":"On December 14, 2022, OppFi-LLC provided notice of termination of the Ares SPV III Agreement, effective December 14, 2022.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818502/000181850222000021/0001818502-22-000021-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Ares Agent Service, L.P. as administrative agent and collateral agent, and the lenders party thereto"},{"label":"Value","value":"approximately $109.0 million"},{"label":"Effective","value":"2022-12-14"}],"fact_type":"material_agreement"},{"claim_id":"a2e029552b8e8c33370d74396dea3fbc0f329630","claim":"OppFi Inc. entered into Revolving Credit Agreement with UMB Bank, N.A., as administrative agent and collateral agent, Randolph Receivables LLC, as Castlelake Representative, and the lenders party thereto valued at $150.0 million (effective 2022-12-14).","evidence_excerpt":"On December 14, 2022, Opportunity Financial, LLC, a Delaware limited liability company (“OppFi-LLC”) and subsidiary of OppFi Inc., a Delaware corporation (the “Company”), Opportunity Funding SPE IX, LLC, a Delaware limited liability company and wholly owned subsidiary of OppFi-LLC (“SPE IX Borrower”), and certain other subsidiaries of the Company as credit parties and guarantors, entered into a Revolving Credit Agreement (the “Agreement”), by and among OppFi-LLC, SPE IX Borrower, the other credit parties and guarantors thereto, UMB Bank, N.A., as administrative agent and collateral agent, Randolph Receivables LLC, as Castlelake Representative, and the lenders party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818502/000181850222000021/0001818502-22-000021-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"UMB Bank, N.A., as administrative agent and collateral agent, Randolph Receivables LLC, as Castlelake Representative, and the lenders party thereto"},{"label":"Value","value":"$150.0 million"},{"label":"Effective","value":"2022-12-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}