secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2022-12-20T23:59:59+00:00
Accession:  0001818502-22-000021
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 2.04, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi closes $150M credit facility with Castlelake, repays $109M Ares facility
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850222000021/0001818502-22-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850222000021/opfi-20221214.htm
  HTML page:      https://secwatch.observer/filing/0001818502-22-000021

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