Financing ·
OppFi Inc.'s subsidiary borrowed $75.0 million under a Senior Secured Multi-Draw Term Loan Agreement with a maximum…
OPFIOppFi Inc.
OppFi Inc.'s subsidiary borrowed $75.0 million under a Senior Secured Multi-Draw Term Loan Agreement with a maximum commitment of $100.0 million, bearing interest at 12.50% prior to the pending acquisition of BNCCORP and its bank subsidiary, rising to 13.50% thereafter. The loan matures in four years with semi-annual amortization and is secured by assets including equity interests in special purpose vehicles holding consumer loan receivables. Additionally, BNCCORP stockholders approved the merger agreement on September 17, 2026, subject to regulatory approvals. OppFi Inc. operates in the financial technology sector, providing digital lending solutions.