OppFi, a tech-enabled, specialty finance platform, increased the existing revolving credit facility among one of the company’s subsidiaries and affiliates of Blue Owl Capital to $300 million, up from $250 million.
Blue Owl acquired Atalaya Capital Management in September 2024.
“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,” Todd Schwartz, CEO and executive chairman of OppFi, said. “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.”
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.
