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OppFi more than doubles credit facility with Atalaya
Chicago, June 21 – OppFi Inc. increased one of its credit facilities to $200 million with affiliates of Atalaya Capital Management LP, according to a press release.
The facility was previously for $75 million.
The company also extended the maturity date to three years.
Proceeds will be used to further fund receivables growth, as well as to refinance existing debt under one of the company’s other credit facilities.
OppFi is a Chicago-based financial technology company.
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