Business
OppFi Announces New $150 Million Revolving Credit Facility
OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans, today announced that it has closed a new $150 million revolving credit facility among one of its subsidiaries and funds managed by Castlelake L.P., replacing a prior facility. The new facility has a four-year term and represents a significant improvement in financing costs, with a reduction in the interest rate from SO
About this update from Oppfi Inc.
[{"type":"text","content":"CHICAGO, Oct. 2, 2025 /PRNewswire/ -- OppFi Inc. (NYSE:OPFI) ("OppFi" or the "Company"), a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans, today announced that it has closed a new $150 million revolving credit facility among one of its subsidiaries and funds managed by Castlelake L.P., replacing a prior facility. The new facility has a four-year term and represents a significant improvement in financing costs, with a reduction in the interest rate from SOFR + 7.5% to SOFR + 6.0%.","length":588,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/www.oppfi.com)","displaySize":"","headline":null,"caption":"(PRNewsfoto/www.oppfi.com)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":347,"url":"https://media.zenfs.com/en/prnewswire.com/6d2d1a1993dc373010e49fd147f8a468"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/91MVfS4Q08L7jWb52j9vOw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTYxMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/6d2d1a1993dc373010e49fd147f8a468","width":400,"height":347}},"href":"https://mma.prnewswire.com/media/1436436/OppFi_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""We believe this transaction is a testament to the strength and durability of our business model. We expect the facility to improve our financing costs and support further growth," said Todd Schwartz, Chief Executive Officer and Executive Chairman of OppFi.","length":267,"tagName":"p"},{"type":"text","content":"The credit facility is designed to support the Company's ongoing growth in receivables and further its mission of providing credit access to millions of Americans who mainstream financial institutions do not traditionally serve.","length":232,"tagName":"p"},{"type":"text","content":"About OppFi","length":11,"tagName":"p"},{"type":"text","content":"OppFi (NYSE: OPFI) is a tech-enabled digital finance platform that partners with banks to offer financial products and services to everyday Americans. Through this transparent and responsible platform, which emphasizes financial inclusion and exceptional customer experience, the Company assists consumers who are underserved by traditional financing options in building improved financial health. OppFi maintains a...