---
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"
generated_at: "2026-05-18T09:19:32.395621+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Offerpad subsidiary reduces senior credit facility from $375M to $175M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-156274
- JSON: https://secwatch.observer/filing/0001193125-25-156274.json
- Plain text: https://secwatch.observer/filing/0001193125-25-156274.txt

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