secwatch / observer
8-K filed June 20, 2023, 7:59 PM ET ticker OPAD CIK 0001825024
debt confidence high sentiment neutral materiality 0.55

Offerpad extends credit facility maturity from June 7, 2024 to June 16, 2025

Offerpad Solutions Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Offerpad Solutions Inc. amended Amendment Number Three to the Third Amended and Restated Master Loan and Security Agreement with Citibank, N.A., as lender, and Wells Fargo, N.A., as calculation agent and paying agent (effective 2023-06-16).

Action
amendment
Agreement
credit facility
Counterparty
Citibank, N.A., as lender, and Wells Fargo, N.A., as calculation agent and paying agent
Effective
2023-06-16
Exact text from the filing
On June 16, 2023, OP SPE Borrower Parent, LLC (“SPE”), as borrower, OP SPE PHX1, LLC (“PHX1”), as borrower, and OP SPE TPA1, LLC (“TPA1”), as borrower, each an indirect wholly owned subsidiary of Offerpad Solutions Inc., entered into Amendment Number Three to the Third Amended and Restated Master Loan and Security Agreement, dated as of June 16, 2023 (the “Amendment”), which amends that certain Third Amended and Restated Master Loan and Security Agreement, dated as of June 7, 2022, by and among SPE, PHX1, TPA1, Citibank, N.A., as lender, and Wells Fargo, N.A., as calculation agent and paying agent.
View on SEC.gov

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Offerpad Solutions Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-170195
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