secwatch.observer — SEC 8-K summary
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Issuer:     Offerpad Solutions Inc. (OPAD)
CIK:        0001825024
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001193125-23-170195
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Offerpad extends credit facility maturity from June 7, 2024 to June 16, 2025
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- Extends maturity of credit facility from June 7, 2024 to June 16, 2025.
- Adds Non-Utilization Fee to be defined in Pricing Side Letter.
- Modifies Change of Control definition to include 49% voting stock threshold for Guarantor (Offerpad Solutions Inc.).
- Borrowers represent no default or event of default has occurred.
- Amendment executed by Offerpad subsidiaries, Citibank, N.A., and Wells Fargo.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1825024/000119312523170195/0001193125-23-170195-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1825024/000119312523170195/d480687d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-170195

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