OppFi expands credit facility to $300 million with Blue Owl

CHICAGO - OppFi Inc. (NYSE:OPFI), a financial platform that partners with community banks to extend credit to everyday Americans, announced today that it has increased its revolving credit facility with affiliates of Blue Owl Capital Inc. to $300 million, marking an increase from the previous $250 million. The company, currently valued at $1.13 billion, has demonstrated strong financial health with an EBITDA of $123.66 million. According to InvestingPro analysis, OppFi maintains robust liquidity with a current ratio of 7.64, indicating strong ability to meet short-term obligations.

The move comes after Blue Owl’s acquisition of Atalaya Capital Management in September 2024 and reflects the growing demand for OppFi’s loan products. According to Todd Schwartz, CEO and Executive Chairman of OppFi, this increase in credit capacity underscores the company’s robust business model and dedication to providing credit access to consumers who often face barriers in traditional financial systems. This expansion aligns with the company’s impressive 23.85% revenue growth over the last twelve months. For deeper insights into OppFi’s growth trajectory and financial health metrics, investors can access comprehensive analysis through InvestingPro, which offers exclusive ProTips and detailed financial metrics.

The amended credit agreement also extends the maturity date to February 2029, offering OppFi more funds for growth and the flexibility to use its balance sheet capital to pay off corporate debt ahead of schedule. This strategic financial maneuvering is aimed at bolstering OppFi’s mission to foster financial inclusion and maintain profitable growth.

OppFi’s platform, known for its transparency and responsible lending practices, has garnered recognition for its customer service, with OppLoans by OppFi maintaining a high rating on Trustpilot. Alongside its consumer credit offerings, the company has a vested interest in Bitty Advance, which provides small businesses with revenue-based financing and other capital solutions.

The company’s forward-looking statements, as is customary, caution investors about the inherent risks and uncertainties in such projections. Factors such as economic conditions, regulatory changes, and market dynamics could significantly impact OppFi’s operations and future performance. Investors should note that OppFi’s next earnings report is scheduled for March 6, 2025. For comprehensive analysis and Fair Value estimates, along with additional ProTips, explore InvestingPro’s detailed research reports, available for over 1,400 US stocks.

This expansion of credit facilities is part of OppFi’s broader strategy to meet increasing loan demand and continue its commitment to serving consumers with limited access to mainstream financial services. The information in this article is based on a press release statement from OppFi.

In other recent news, Opportunity (SO:FTCE11B) Financial LLC has seen a shift in its stock rating. JMP Securities downgraded the stock from Market Outperform to Market Perform, citing significant appreciation over the past year as the primary cause. Despite the substantial increase in Opportunity Financial’s stock price, the firm noted no new fundamental developments driving this rise.

The analyst at JMP Securities highlighted concerns over potential share dilution from the special-purpose acquisition company (SPAC) era warrants, which could increase the diluted share count by 4%-5%. In terms of valuation, the firm referenced the current price-to-earnings (P/E) multiple of approximately 15 times their 2025 adjusted earnings per share (EPS) estimates and 13 times their 2026 adjusted EPS estimates.

Previously, JMP Securities held a price target of $10.50 for Opportunity Financial, but the recent performance and adjusted valuation metrics led to the stock’s removal from their list of outperforming market picks. These are among the recent developments for Opportunity Financial LLC.

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