OppFi Upsizes Revolving Credit Facility with Affiliates of Blue Owl Capital to $300 Million
OppFi Inc. (NYSE:OPFI) has expanded its revolving credit facility with Blue Owl Capital affiliates from $250 million to $300 million. The amended agreement extends the maturity date to February 2029, increases available funds for growth, and provides flexibility to use balance sheet capital for early corporate debt extinguishment.
The expansion follows Blue Owl's acquisition of Atalaya Capital Management in September 2024. OppFi, a tech-enabled specialty finance platform, partners with community banks to provide credit access to everyday Americans. The company maintains a 4.5/5.0 star rating on Trustpilot with over 4,400 reviews and holds a 35% equity interest in Bitty Advance, a small business financing company.
OppFi Inc. (NYSE:OPFI) ha ampliato la sua linea di credito revolving con le affiliate di Blue Owl Capital, passando da 250 milioni di dollari a 300 milioni di dollari. L'accordo modificato estende la data di scadenza a febbraio 2029, aumenta i fondi disponibili per la crescita e offre flessibilità nell'utilizzo del capitale di bilancio per l'estinzione anticipata del debito aziendale.
L'ampliamento segue l'acquisizione da parte di Blue Owl di Atalaya Capital Management nel settembre 2024. OppFi, una piattaforma di finanza specializzata abilitata dalla tecnologia, collabora con banche comunitarie per fornire accesso al credito agli americani di tutti i giorni. L'azienda mantiene una valutazione di 4.5/5.0 stelle su Trustpilot con oltre 4.400 recensioni e detiene una partecipazione azionaria del 35% in Bitty Advance, una società di finanziamento per piccole imprese.
OppFi Inc. (NYSE:OPFI) ha ampliado su línea de crédito revolving con las afiliadas de Blue Owl Capital de 250 millones de dólares a 300 millones de dólares. El acuerdo enmendado extiende la fecha de vencimiento a febrero de 2029, aumenta los fondos disponibles para el crecimiento y proporciona flexibilidad para utilizar el capital del balance general para la extinción anticipada de deudas corporativas.
La expansión sigue a la adquisición de Atalaya Capital Management por parte de Blue Owl en septiembre de 2024. OppFi, una plataforma de finanzas especializadas habilitada por tecnología, se asocia con bancos comunitarios para proporcionar acceso al crédito a los estadounidenses comunes. La empresa mantiene una calificación de 4.5/5.0 estrellas en Trustpilot con más de 4,400 reseñas y posee un interés del 35% en Bitty Advance, una compañía de financiamiento para pequeñas empresas.
OppFi Inc. (NYSE:OPFI)는 Blue Owl Capital의 계열사와의 회전 신용 시설을 2억 5천만 달러에서 3억 달러로 확대했습니다. 수정된 계약은 만기일을 2029년 2월로 연장하고, 성장에 필요한 자금을 늘리며, 조기 법인 채무 소각을 위해 대차대조표 자본을 사용할 수 있는 유연성을 제공합니다.
이번 확대는 Blue Owl이 2024년 9월 Atalaya Capital Management를 인수한 후 이루어졌습니다. OppFi는 기술 기반의 전문 금융 플랫폼으로, 지역 은행과 협력하여 일반 미국인들에게 신용 접근을 제공합니다. 이 회사는 Trustpilot에서 4,400개 이상의 리뷰로 4.5/5.0 별점 평가를 유지하고 있으며, 소기업 금융 회사인 Bitty Advance의 35% 지분을 보유하고 있습니다.
OppFi Inc. (NYSE:OPFI) a élargi sa ligne de crédit renouvelable avec les affiliés de Blue Owl Capital, passant de 250 millions de dollars à 300 millions de dollars. L'accord modifié prolonge la date d'échéance jusqu'en février 2029, augmente les fonds disponibles pour la croissance et offre une flexibilité pour utiliser le capital du bilan pour l'extinction anticipée de la dette d'entreprise.
Cette expansion fait suite à l'acquisition d'Atalaya Capital Management par Blue Owl en septembre 2024. OppFi, une plateforme de financement spécialisée activée par la technologie, s'associe avec des banques communautaires pour fournir un accès au crédit aux Américains moyens. L'entreprise maintient une note de 4.5/5.0 étoiles sur Trustpilot avec plus de 4 400 avis et détient une participation de 35 % dans Bitty Advance, une société de financement pour petites entreprises.
OppFi Inc. (NYSE:OPFI) hat seine revolvierende Kreditlinie mit Blue Owl Capital von 250 Millionen Dollar auf 300 Millionen Dollar erweitert. Die geänderte Vereinbarung verlängert das Fälligkeitsdatum auf Februar 2029, erhöht die verfügbaren Mittel für Wachstum und bietet Flexibilität, um Eigenkapital für die vorzeitige Tilgung von Unternehmensschulden zu verwenden.
Die Erweiterung folgt auf die Übernahme von Atalaya Capital Management durch Blue Owl im September 2024. OppFi, eine technologiegestützte Spezialfinanzierungsplattform, arbeitet mit Kommunalbanken zusammen, um alltäglichen Amerikanern Zugang zu Krediten zu bieten. Das Unternehmen hat eine Bewertung von 4.5/5.0 Sternen auf Trustpilot mit über 4.400 Bewertungen und hält eine 35%ige Beteiligung an Bitty Advance, einem Unternehmen für Kleinunternehmerfinanzierung.
- Increased credit facility capacity by $50 million to $300 million
- Extended maturity date to February 2029
- Enhanced flexibility for early corporate debt repayment
- Strong 4.5/5.0 Trustpilot rating with 4,400+ reviews
- None.
Insights
The $50 million expansion of OppFi's revolving credit facility to $300 million marks a strategic enhancement of the company's financial infrastructure. This facility's extension to February 2029 provides important long-term stability and operational flexibility, particularly valuable in the current market environment where securing favorable financing terms has become increasingly challenging.
Three key aspects make this development particularly significant:
- The increased facility size strengthens OppFi's ability to scale its loan originations, potentially leading to accelerated revenue growth while maintaining stable funding costs.
- The extended maturity to 2029 provides exceptional visibility into funding availability, reducing refinancing risk and allowing for more confident long-term planning.
- The flexibility to use balance sheet capital for early corporate debt retirement represents a valuable option for optimizing capital structure and potentially reducing interest expenses.
Blue Owl Capital's willingness to upsize the facility following their acquisition of Atalaya Capital Management signals strong institutional confidence in OppFi's business model and growth trajectory. This enhanced funding capacity arrives at a important time when traditional lenders are tightening credit standards, potentially creating expanded market opportunities for specialty finance providers like OppFi.
The facility's structure allows for efficient capital deployment while maintaining prudent risk management, essential for sustainable growth in the specialty finance sector. This balanced approach to expansion, coupled with the company's technology-driven platform and community bank partnerships, positions OppFi to capitalize on market opportunities while maintaining financial stability.
“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.
OppFi increased the total capacity under this revolving credit facility from
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
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. OppFi’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “possible,” “continue,” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, without limitation, statements regarding OppFi’s expectations with respect to the future performance of OppFi’s platform and OppFi’s expectations for its growth. These forward-looking statements are based on OppFi’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside OppFi’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the impact of general economic conditions, including economic slowdowns, inflation, interest rate changes, recessions, and tightening of credit markets on OppFi’s business; the impact of challenging macroeconomic and marketplace conditions; the impact of stimulus or other government programs; whether OppFi will be successful in obtaining declaratory relief against the Commissioner of the Department of Financial Protection and Innovation for the
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Investor Relations:
Mike Gallentine
Head of Investor Relations
mgallentine@opploans.com
Media Relations:
media@oppfi.com
Source: OppFi
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