secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001818502-25-000001
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi upsizes revolving credit facility with Blue Owl to $300M, extends maturity to 2029
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850225000001/0001818502-25-000001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850225000001/opfi-20250213.htm
  HTML page:      https://secwatch.observer/filing/0001818502-25-000001

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