{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-156274","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2025-07-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.161889+00:00","generated_at":"2026-05-18T09:19:32.395621+00:00","sec_items":["8.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Offerpad subsidiary reduces senior credit facility from $375M to $175M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-156274","json":"https://secwatch.observer/filing/0001193125-25-156274.json","markdown":"https://secwatch.observer/filing/0001193125-25-156274.md","text":"https://secwatch.observer/filing/0001193125-25-156274.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312525156274/0001193125-25-156274-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312525156274/d889917d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:19:32.395621+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}