---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-257768"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:45:21.425850+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Offerpad enters $245M loan facility with JPMorgan; $122.5M committed, maturity July 2025

## Summary
- Senior facility of $200M ($100M committed) and mezzanine facility of $45M ($22.5M committed).
- Maturity date of July 16, 2025; replaces prior 2021 loan agreement with substantially similar terms.
- Borrowing entity is Offerpad SPE Borrower A, LLC, a wholly owned subsidiary of Offerpad Solutions Inc.

## SEC filing metadata
- accession: 0001193125-23-257768
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1825024/000119312523257768/0001193125-23-257768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312523257768/d532420d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-257768
- JSON: https://secwatch.observer/filing/0001193125-23-257768.json
- Plain text: https://secwatch.observer/filing/0001193125-23-257768.txt

## Key facts
- Material Agreements
  Offerpad Solutions Inc. entered into Loan and Security Agreement with JPMorgan Chase Bank, N.A. (effective 2023-10-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Effective: 2023-10-16
  source text: On October 16, 2023, Offerpad SPE Borrower A, LLC, as a borrower and borrower representative, a wholly owned subsidiary of Offerpad Solutions Inc., JPMorgan Chase Bank, N.A., as initial lender and administrative agent, Computershare Trust Company, N.A., as paying agent and calculation agent, and the other lenders party thereto entered into a Loan and Security Agreement (the “New Loan Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1825024/000119312523257768/0001193125-23-257768-index.htm

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