Offerpad reduces credit capacity; extends loan maturities to Aug 2025

Offerpad Solutions Inc.

Revolving Senior Loan reduced to $50M available ($25.54M committed); maturity Aug 31, 2025.
Revolving Mezz Loan cut to $22M ($6.81M committed); Runoff Date Feb 28, 2026.
Availability Period ended March 31, 2025; no further new draws allowed.
Mezzanine facility borrowing capacity cut from $70M to $35M ($13.125M committed).
Agreements with LL Funds, affiliates of director Roberto Sella (holds >5% stock).

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