secwatch.observer — SEC 8-K summary
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Issuer:     OppFi Inc. (OPFI)
CIK:        0001818502
Form:       8-K
Filed at:   2026-09-21T20:09:43+00:00
Accession:  0001818502-26-000080
Event type: debt
Sentiment:  positive
Materiality: 0.80
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OppFi borrows $75M term loan; BNCC stockholders approve acquisition
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- Borrowed $75M on Sep 15, 2026 under up-to-$100M multi-draw term loan at 12.50% (13.50% post-acquisition), 1.25% OID, 4-yr maturity.
- $25M undrawn available until Feb 10, 2027; semi-annual amortization 10% of funded principal; no reborrowings after repayment.
- Proceeds to support growth in finance receivables and working capital; guaranty and lien on assets of OppFi-LLC and SPVs.
- BNCC stockholders adopted Merger Agreement on Sep 17, 2026; deal pending regulatory approvals and closing conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818502/000181850226000080/0001818502-26-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818502/000181850226000080/opfi-20260915.htm
  HTML page:      https://secwatch.observer/filing/0001818502-26-000080

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