Offerpad amends credit facilities to uncommitted, extends maturity to July 2026

Offerpad Solutions Inc.

The $200M senior facility and $45M mezzanine facility are now entirely uncommitted.
Maturity extended from original date to July 16, 2026.
Financial covenants will only be tested if loan balance exceeds certain thresholds.
Amendment involves JPMorgan Chase, AG Mortgage Value Partners, and others.
No changes to other material terms of the loan agreement from October 2023.

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