OppFi unit draws USD 75 million under USD 100 million senior secured term loan at 12.5% rate

Bitget2026/09/21 20:10

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OppFi unit Opportunity Funding SPE Residual drew USD 75 million under a senior secured multi-draw term loan dated Aug. 10.
Facility size USD 100 million. USD 25 million remains available for draws through Feb. 10, 2027.
Fixed rate 12.5% before the pending BNCCORP acquisition. Rate steps up to 13.5% once the deal closes.
Loans mature four years from Sept. 15, 2026. Semi-annual amortization totals 10% of funded principal.
OppFi-LLC guarantees the facility. Borrower granted an all-assets lien, mainly equity interests tied to residual cash flows from loan-receivable vehicles.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OppFi Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001818502-26-000080), on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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OppFi unit draws USD 75 million under USD 100 million senior secured term loan at 12.5% rate

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