---
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"
generated_at: "2026-06-10T22:18:10.615659+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Offerpad extends loan revolving period to Oct 10, 2023 while negotiating renewal

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-231553
- JSON: https://secwatch.observer/filing/0001193125-23-231553.json
- Plain text: https://secwatch.observer/filing/0001193125-23-231553.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: 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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312523231553/0001193125-23-231553-index.htm

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