OppFi enters into sixth amendment for $75 million facility with Atalaya

Chicago, Oct. 19 – OppFi Inc. entered into a sixth amendment on Oct. 13 for its revolving credit facility with Atalaya Capital Management, according to a press release and an 8-K filing with the Securities and Exchange Commission.

The amendment makes changes to the agreement originally dated April 15, 2019.

The changes add Opportunity Funding SPE VII, LLC as an additional borrower, permit the pledge of OppFi card receivables and extend the revolving period to Oct. 13, 2023.

The revolver was amended to support the launch of OppFi’s first-ever credit card, aimed at the non-prime credit card market.

Interest is still Libor plus 225 basis points.

Midtown Madison Management LLC is the administrative agent and collateral agent.

OppFi is a Chicago-based financial technology company.

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