OppFi Announces New $150 Million Revolving Credit Facility
OppFi (NYSE:OPFI), a tech-enabled digital finance platform, has secured a new $150 million revolving credit facility through its subsidiary with funds managed by Castlelake L.P. The facility, which replaces a previous one, features a four-year term and includes improved financing terms with an interest rate reduction from SOFR + 7.5% to SOFR + 6.0%.
The new credit facility aims to support OppFi's receivables growth and advance its mission of providing credit access to underserved Americans. CEO Todd Schwartz highlighted that this transaction demonstrates the strength and sustainability of the company's business model.
OppFi (NYSE:OPFI), una piattaforma finanziaria digitale abilitata dalla tecnologia, ha assicurato una nuova linea di credito rotativa da 150 milioni di dollari tramite la sua controllata, gestita da Castlelake L.P. La facility, che sostituisce quella precedente, prevede un termine di quattro anni e condizioni di finanziamento migliorate con una riduzione del tasso di interesse da SOFR + 7,5% a SOFR + 6,0%.
La nuova facility ha l'obiettivo di supportare la crescita dei crediti contabilizzati (ricevibili) e di avanzare la missione di fornire accesso al credito agli americani poco serviti. Il CEO Todd Schwartz ha sottolineato che questa operazione dimostra la solidità e la sostenibilità del modello di business della società.
OppFi (NYSE:OPFI), una plataforma financiera digital tecnológica, ha asegurado una nueva línea de crédito revolvente por 150 millones de dólares a través de su subsidiaria, gestionada por Castlelake L.P. La facilidad, que reemplaza la anterior, cuenta con un término de cuatro años e incluye mejores condiciones de financiamiento con una reducción de la tasa de interés de SOFR + 7,5% a SOFR + 6,0%.
La nueva facilidad de crédito tiene como objetivo apoyar el crecimiento de las cuentas por cobrar de OppFi y avanzar en su misión de brindar acceso al crédito a los estadounidenses desatendidos. El CEO Todd Schwartz destacó que esta transacción demuestra la fortaleza y la sostenibilidad del modelo de negocio de la empresa.
OppFi (NYSE:OPFI), 기술 주도 디지털 금융 플랫폼,은 Castlelake L.P.가 관리하는 자금으로 자회사를 통해 새로운 1억 5천만 달러의 회전 신용 한도를 확보했다. 이 시설은 이전 시설을 대체하며 4년 만기를 특징으로 하고, SOFR + 7.5%에서 SOFR + 6.0%로 금리 인하를 포함한 개선된 금융 조건을 제공한다.
새로운 신용 시설은 OppFi의 매출채권 성장을 지원하고 소외된 미국인들에게 신용 접근성을 제공하려는 사명을 발전시키는 것을 목표로 한다. CEO Todd Schwartz는 이 거래가 회사 비즈니스 모델의 강점과 지속 가능성을 보여준다고 강조했다.
OppFi (NYSE:OPFI), une plateforme financière numérique axée sur la technologie, a sécurisé une nouvelle ligne de crédit renouvelable de 150 millions de dollars par le biais de sa filiale avec des fonds gérés par Castlelake L.P. Lfacility, qui remplace la précédente, présente une durée de quatre ans et comprend des conditions de financement optimisées avec une réduction du taux d'intérêt de SOFR + 7,5% à SOFR + 6,0%.
La nouvelle facilité de crédit vise à soutenir la croissance des comptes clients et à faire progresser sa mission consistant à offrir un accès au crédit aux Américains mal desservis. Le PDG Todd Schwartz a souligné que cette transaction démontre la solidité et la durabilité du modèle économique de l'entreprise.
OppFi (NYSE:OPFI), eine technologiegestützte digitale Finanzplattform, hat eine neue revolving Kreditfazilität über 150 Millionen Dollar über seine Tochtergesellschaft mit von Castlelake L.P. verwalteten Mitteln gesichert. Die Fazilität, die eine vorherige ersetzt, verfügt über eine Vier-Jahres-Laufzeit und beinhaltet verbesserte Finanzierungskonditionen mit einer Zinssenkung von SOFR + 7,5% auf SOFR + 6,0%.
Die neue Kreditfazilität soll OppFis Forderungsgrowth unterstützen und dazu beitragen, das Ziel zu erreichen, Amerikanern mit unzureichendem Zugang zu Kreditmöglichkeiten zu helfen. CEO Todd Schwartz betonte, dass diese Transaktion die Stärke und Nachhaltigkeit des Geschäftsmodells des Unternehmens demonstriert.
OppFi (NYSE:OPFI)، منصة مالية رقمية مدعومة بالتكنولوجيا، أمنت تسهيلات ائتمانية متجددة جديدة بقيمة مئة وخمسون مليون دولار عبر شركتها الفرعية بإدارة أموال من Castlelake L.P. تسهيل القرض الجديد، الذي يحل محل سابقتها، يمتاز بـ مدة أربع سنوات ويتضمن شروط تمويل محسّنة مع خفض سعر الفائدة من SOFR + 7.5% إلى SOFR + 6.0%.
تهدف تسهيلات الائتمان الجديدة إلى دعم نمو الحسابات المستحقة القبض وتقدم مهمتها في توفير الوصول إلى الائتمان للأمريكيين غير المتمتعين به. وأشار الرئيس التنفيذي تود شوارتز إلى أن هذه الصفقة تُظهر قوة واستدامة نموذج عمل الشركة.
OppFi (NYSE:OPFI)，一家以技术为驱动的数字金融平台，已通过其子公司与 Castlelake L.P. 管理的资金确保了一笔新的 1.5亿美元循环信贷额度。该额度取代了之前的额度，具备 四年期限，并包含更优惠的融资条件，将利率从 SOFR + 7.5% 降至 SOFR + 6.0%。
新的信贷额度旨在支持 OppFi 的应收账款增长，并推进其为服务不足的美国人提供信贷的使命。首席执行官 Todd Schwartz 指出，这笔交易展示了公司商业模式的强劲性和可持续性。
- Secured new $150 million revolving credit facility with four-year term
- Significant reduction in interest rate from SOFR + 7.5% to SOFR + 6.0%
- Enhanced financing terms support future growth and receivables expansion
- Increased debt obligation with new $150 million facility
- Continued dependence on external financing for growth
"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.
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.
About OppFi
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 4.4/5.0 star rating on Trustpilot based on over 5,200 reviews, positioning the Company among the top consumer-rated financial platforms online. OppFi also holds a
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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 variations and similar words and 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, expectations regarding the impact of OppFi's new credit facility, the future performance of OppFi's platform and expectations for OppFi's growth and future financial performance. 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, the impact of tariffs, 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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SOURCE OppFi
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