---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-174342"
form_type: "8-K"
ticker: "OPAD"
cik: "0001825024"
company_name: "Offerpad Solutions Inc."
filed_at: "2024-07-02T23:59:59+00:00"
generated_at: "2026-05-31T23:49:20.765666+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Offerpad extends credit facility maturity to June 2026, cuts committed amount to $150M

## Summary
- Maturity extended from June 2025 to June 26, 2026; revolving period extended to Dec 26, 2025.
- Senior facility committed amount reduced from $200M to $150M.
- Lender gets option to convert to amortizing loan after revolving period, stopping new advances.
- Borrowers represent no default; mandatory prepayment if Facility LTV Deficiency arises.

## SEC filing metadata
- accession: 0001193125-24-174342
- form_type: 8-K
- ticker: OPAD
- cik: 0001825024
- company_name: Offerpad Solutions Inc.
- filed_at: 2024-07-02T23:59:59+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/1825024/000119312524174342/0001193125-24-174342-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1825024/000119312524174342/d860185d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-174342
- JSON: https://secwatch.observer/filing/0001193125-24-174342.json
- Plain text: https://secwatch.observer/filing/0001193125-24-174342.txt

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