OppFi Secures New $150 Million Revolving Credit Facility to Fuel Growth

OppFi Secures New $150 Million Revolving Credit Facility

On October 2, 2025, OppFi Inc. (NYSE: OPFI), a digital finance platform partnering with banks to provide financial products to everyday Americans, officially announced the closure of a new $150 million revolving credit facility. This financing arrangement, established between one of its subsidiaries and funds managed by Castlelake L.P., replaces a previous credit facility and marks a significant step forward for the company in terms of cost and efficiency.

The new facility has a four-year term and provides a major improvement in financing costs, with the interest rate dropping from SOFR + 7.5% to SOFR + 6.0%. This reduction in interest marks an essential achievement for the company, further demonstrating the robustness of its business model. Todd Schwartz, OppFi's Chief Executive Officer and Executive Chairman, expressed optimism, stating, "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."

This revolving credit facility is instrumental in assisting OppFi's ongoing growth in receivables, enabling the company to extend credit access to millions of Americans who are often overlooked by traditional financial institutions. By enhancing its financial capabilities, OppFi aims to fulfill its mission of promoting financial inclusion effectively.

OppFi is a tech-enabled digital finance platform that has proven itself by providing accessible financial solutions to segments of the population often left behind by conventional providers. The company's dedication to transparency and responsible lending has earned it a commendable 4.4 out of 5-star rating on Trustpilot, backed by over 5,200 reviews. Such ratings place it among the top consumer-rated financial platforms on the internet, highlighting its commitment to customer satisfaction.

In addition to its core services, OppFi also holds a 35% equity interest in Bitty Holdings, LLC, which focuses on providing revenue-based financing and other working capital solutions specifically tailored for small businesses. This diverse portfolio reinforces OppFi’s capacity to serve a variety of financial needs, further solidifying its position in the marketplace.

The establishment of the new credit facility is not just a financial maneuver; it points towards OppFi's strategic approach to scaling its operations and expanding its services. Access to lower-cost financing empowers the company to pursue greater opportunities and cater more effectively to the diverse needs of its clientele.

However, the company remains cautious, acknowledging the various risks that accompany growth and expansion. Factors such as economic slowdowns, changes in interest rates, and market challenges could impact future performance, necessitating prudent management and strategic planning to navigate potential hurdles.

As financial landscapes continue to evolve, OppFi stands positioned to adapt and thrive, driven by its innovative technologies and customer-focused services. The new $150 million revolving credit facility is a pivotal development, demonstrating OppFi's commitment to enhancing its financial offerings while supporting millions in their quest for financial well-being.

For more information on OppFi and its financial services, please visit oppfi.com.