---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-308410"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2022-12-19T23:59:59+00:00"
generated_at: "2026-06-21T02:41:03.638265+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Offerpad amends loan facility, extends maturity to March 2024, adjusts credit lines

## Summary
- Extends maturity of Revolving Senior and Mezz Loans to March 31, 2024.
- Revolving Senior Loan decreased from $85M to $75M ($50M committed); Mezz Loan increased from $14M to $52.5M ($35M committed).
- Interest rates amended; related-party transaction with LL Funds (director Roberto Sella is managing member).
- Loan agreement dated Dec. 16, 2022 between Offerpad subsidiary and LL Private Lending Funds.

## SEC filing metadata
- accession: 0001193125-22-308410
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2022-12-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825024/000119312522308410/0001193125-22-308410-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312522308410/d423080d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-308410
- JSON: https://secwatch.observer/filing/0001193125-22-308410.json
- Plain text: https://secwatch.observer/filing/0001193125-22-308410.txt

## Key facts
- Debt Financings
  Offerpad Solutions Inc. amended revolving credit of $75 million for Revolving Senior Loan (committed $50 million) and $52.5 million for Revolving Mezz Loan (committed $35 m with LL Private Lending Fund, L.P., LL Private Lending Fund II, L.P., and LL Funds, LLC maturing March 31, 2024.
  - Instrument: revolving credit
  - Principal: $75 million for Revolving Senior Loan (committed $50 million) and $52.5 million for Revolving Mezz Loan (committed $35 m
  - Counterparty: LL Private Lending Fund, L.P., LL Private Lending Fund II, L.P., and LL Funds, LLC
  - Maturity: March 31, 2024
  - Event: amendment
  source text: The Seventh Amended and Restated Agreement, among other things, extends the maturity of the Revolving Senior Loan and Revolving Mezz Loan (collectively, the “Loans”) to March 31, 2024, amends the interest rates applicable to the Loans, decreases the amount available under the Revolving Senior Loan from $85 million to $75 million (of which $50 million is committed) and increases the amount available under Revolving Mezz Loan from $14 million to $52.5 million (of which $35 million is committed).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312522308410/0001193125-22-308410-index.htm
- Material Agreements
  Offerpad Solutions Inc. amended Seventh Amended and Restated Loan and Security Agreement with LL Private Lending Fund, L.P., LL Private Lending Fund II, L.P., and LL Funds, LLC (effective 2022-12-15).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: LL Private Lending Fund, L.P., LL Private Lending Fund II, L.P., and LL Funds, LLC
  - Effective: 2022-12-15
  source text: On December 16, 2022, Offerpad (SVPBORROWER1), LLC, as borrower (“SPV1”), a wholly owned subsidiary of Offerpad Solutions Inc. (the “Company”), and LL Private Lending Fund, L.P., as a lender under the Revolving Senior Loan, LL Private Lending Fund II, L.P., as a lender under the Revolving Mezz Loan, and LL Funds, LLC, as collateral agent, (collectively, the “LL Funds”), entered into the Seventh Amended and Restated Loan and Security Agreement, dated as of December 15, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312522308410/0001193125-22-308410-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.