OppFi Inc. (OPFI): debt financing — 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.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

OppFi Inc. amended revolving credit of $300 million with Midtown Madison Management LLC at Term SOFR plus 7.75% maturing February 13, 2029.

Instrument: revolving credit
Principal: $300 million
Counterparty: Midtown Madison Management LLC
Rate: Term SOFR plus 7.75%
Maturity: February 13, 2029
Event: amendment

Exact text from the filing

The Second A&R Credit Agreement amended the Existing Credit Agreement to, among other things, increase the size of the facility under the Existing Credit Agreement from $250 million to $300 million and extend the maturity date to February 13, 2029.

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Source: SEC EDGAR

accession 0001818502-25-000001

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