OppFi Inc. announced on October 2, 2025, that it has closed a new $150 million revolving credit facility with funds managed by Castlelake L.P. This new facility replaces a prior agreement and is structured with a four-year term.
A key benefit of this new facility is a significant improvement in financing costs. The interest rate has been reduced from SOFR + 7.5% to SOFR + 6.0%, which is expected to lower the company's overall cost of capital.
CEO Todd Schwartz stated that this transaction is a testament to the strength and durability of OppFi's business model. The facility is designed to support the company's ongoing growth in receivables and its mission to provide credit access to underserved Americans.
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