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Atalaya Upsizes OppFi’s Revolving Credit Facility to $250MM

July 25, 2023, 07:39 AM
Filed Under: FinTech

OppFi Inc., a mission-driven fintech platform that helps everyday Americans gain access to credit with digital specialty finance products, increased its existing revolving credit facility with affiliates of Atalaya Capital Management (“Atalaya”) to $250 million.

OppFi increased its capacity under this revolving credit facility from $200 million to $250 million, with a new tranche that matures in 2027. The expanded commitment is intended to fund receivables growth.

“We appreciate Atalaya’s confidence in OppFi and the strengthening of our business relationship,” said Todd Schwartz, Chief Executive Officer and Executive Chairman of OppFi. “We expect the additional funding capacity under this facility to generate incremental profitable growth.”

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