OppFi, a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans, announced the Company increased the existing revolving credit facility among one of the Company’s subsidiaries and affiliates of Blue Owl Capital Inc. (“Blue Owl”) to $300 million, up from $250 million. Blue Owl acquired Atalaya Capital Management in September 2024.
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“The increase in our credit facility with Blue Owl is a testament to the strength of our business and our commitment to facilitating credit access for hard-working consumers”
“The increase in our credit facility with Blue Owl is a testament to the strength of our business and our commitment to facilitating credit access for hard-working consumers,” said Todd Schwartz, Chief Executive Officer and Executive Chairman of OppFi. “As we continue to scale and serve a growing number of customers, it is important that our financing capabilities increase with us. The expansion of this credit facility will aid our ability to continue to meet increases in loan demand and deliver on our mission of financial inclusion and profitable growth,” Schwartz added.
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OppFi increased the total capacity under this revolving credit facility from $250 million to $300 million. The amended agreement extends the maturity date to February 2029, increases funds available for growth, and provides the Company the flexibility to use balance sheet capital to extinguish corporate debt ahead of schedule.
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About OppFi
OppFi (NYSE: OPFI) is a tech-enabled, mission-driven specialty finance platform that broadens the reach of community banks to extend credit access to everyday Americans. Through a transparent and responsible lending platform, which includes financial inclusion and an excellent customer experience, the Company supports consumers who are turned away by mainstream options to build better financial health. OppLoans by OppFi maintains a 4.5/5.0 star rating on Trustpilot with more than 4,400 reviews, making the Company one of the top consumer-rated financial platforms online. OppFi also holds a 35% equity interest in Bitty Advance, a credit access company that offers small businesses revenue-based financing and other working capital solutions.
Source: GlobeNewswire
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