OPPFI INC. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Registrant Arrangement, Financial Statements and Exhibits (Form 8-K)
Section 1.01 Entering into a Material Definitive Agreement
agreed to provide credit protection linked to a reference pool of trade receivables funded by Midtown through a
has also entered into a service agreement to service trade receivables financed through the credit agreement (the “Service Agreement”).
The TRS is designed to allow
The TRS will terminate on the earlier of (i) the full repayment of the Loans after the
final maturity date indicated in the credit agreement. On or before such Final Maturity Date, Midtown is obligated to cause the Reference Lenders to assign their rights, title and interest under the Credit Agreement to
The TRS contains the usual default events and termination events for a TRS, including default in payment under the TRS when due, cross default, misrepresentation, breach of agreement, bankruptcy, l illegality and force majeure. Besides,
The foregoing description of the TRS is not complete and is qualified by reference to the full text of the TRS Form, which is attached hereto as Schedule 10.1 and is incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under a
Off-balance sheet arrangement of a registrant.
To the extent practicable, the information in Section 1.01 of this report is incorporated by reference into this Section 2.03.
Item 9.01 Financial statements and supporting documents.
(d) Exhibits Exhibit Index Exhibit No. Description 10.1 Form of Total Return Swap Confirmation, dated
April 15, 2022. 104 Cover Page Interactive Data File (the cover page tags are embedded within the Inline XBRL document).
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