debt
confidence high
sentiment positive
materiality 0.60
OppFi upsizes revolving credit facility with Blue Owl to $300M, extends maturity to 2029
OppFi Inc.
- Credit facility capacity increased from $250M to $300M via a second amended agreement dated Feb 13, 2025.
- Maturity date extended to February 13, 2029; commitment period runs through Feb 2028.
- Tranche D ($237.5M) at Term SOFR + 7.30%; Tranche C ($62.5M) at Term SOFR + 7.75% until Dec 2025.
- Proceeds used to repay existing Tranche B loans and to finance future receivables growth.
- CEO Todd Schwartz says upsizing supports loan demand and the company's mission of financial inclusion.