{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-231553","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2023-09-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.505968+00:00","generated_at":"2026-06-10T22:18:10.615659+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Offerpad extends loan revolving period to Oct 10, 2023 while negotiating renewal","bullets":["Amendment No. 5 extends Revolving Period from Sep 10 to earliest of Oct 10, 2023, default, or early amortization.","Extension allows Offerpad and lenders additional time to finalize a renewal of the facilities.","JPMorgan Chase Bank, N.A., AG entities (AG Mortgage Value Partners, AG Asset Based Credit, AG TCDRS, AG Centre Street) are lenders.","Pledgor and Guarantor reaffirmed their guarantees under the Guaranty Agreement and Limited Guaranty."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-231553","json":"https://secwatch.observer/filing/0001193125-23-231553.json","markdown":"https://secwatch.observer/filing/0001193125-23-231553.md","text":"https://secwatch.observer/filing/0001193125-23-231553.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523231553/0001193125-23-231553-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523231553/d520939d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T22:18:10.615659+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c736c7b937f0b4803286ce1bbd5b8e73aa47822c","claim":"Offerpad Solutions Inc. amended Amendment No. 5 to Loan and Security Agreement and Reaffirmation of Guarantees with JPMorgan Chase Bank, N.A., AG Mortgage Value Partners Onshore Master Fund, L.P., AG Asset Based Credit Master Fund (B), L.P., AG TCDRS, L.P. and AG Centre Street Partnership, L.P. (effective 2023-09-05).","evidence_excerpt":"On September 5, 2023, Offerpad SPE Borrower A, LLC, Offerpad SPE Borrower A Holdings, LLC, and Offerpad Holdings LLC (collectively, the “Offerpad Parties”), each a wholly owned subsidiary of Offerpad Solutions Inc. (“Offerpad”), and JPMorgan Chase Bank, N.A., AG Mortgage Value Partners Onshore Master Fund, L.P., AG Asset Based Credit Master Fund (B), L.P., AG TCDRS, L.P. and AG Centre Street Partnership, L.P. (each, a “Lender”) entered into Amendment No. 5 to Loan and Security Agreement and Reaffirmation of Guarantees (“Amendment No. 5\"), which amends that certain Loan and Security Agreement, dated as of September 21, 2021","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1825024/000119312523231553/0001193125-23-231553-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., AG Mortgage Value Partners Onshore Master Fund, L.P., AG Asset Based Credit Master Fund (B), L.P., AG TCDRS, L.P. and AG Centre Street Partnership, L.P."},{"label":"Effective","value":"2023-09-05"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}