debt
confidence high
sentiment positive
materiality 0.60
OppFi closes $150M revolving credit facility at lower rate, replaces prior facility
OppFi Inc.
- New $150M revolving credit facility with four-year term (matures Sep 29, 2029) replaces prior $150M facility.
- Interest rate reduced to SOFR + 6.00% from SOFR + 7.50% under prior facility.
- Proceeds used to repay ~$79M outstanding under prior facility; no early termination penalties incurred.
- Facility supports growth in finance receivables; subject to borrowing base and financial covenants.