secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2026-04-16T23:59:59+00:00
Accession:  0001818502-26-000023
Event type: debt
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 2.04, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi terminates $75M TRS, borrows $46.5M to purchase receivables, amends credit facility
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- Terminated $75M total return swaps with Midtown affiliates; no termination penalties incurred.
- Borrowed ~$46.5M under amended $300M revolving credit facility to acquire Gray Rock Receivables.
- Third Amendment expands eligible bank partner states and modifies eligibility criteria to include Gray Rock Receivables.
- All Gray Rock Receivables now pledged as collateral under the facility; consolidated receivable balance unchanged.
- Amendment also updates Excess Concentration Limits and Tier 1 Collateral Performance Triggers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850226000023/0001818502-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850226000023/opfi-20260410.htm
  HTML page:      https://secwatch.observer/filing/0001818502-26-000023

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