debt
confidence high
sentiment negative
materiality 0.60
Offerpad subsidiary reduces senior credit facility from $375M to $175M
Offerpad Solutions Inc.
- OP SPE Borrower Parent and two units agreed to cut Citibank facility from $375M to $175M.
- The reduction applies to the uncommitted amount under the Third Amended Master Loan and Security Agreement.
- Effective June 30, 2025; the lender is Citibank, N.A. and the borrowers are indirect wholly owned subsidiaries of Offerpad.
item 8.01