{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-376851","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2026-08-31T20:21:40+00:00","discovered_at":"2026-08-31T20:24:00.342676+00:00","generated_at":"2026-08-31T20:24:10.065492+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Offerpad subsidiary upsizes revolving credit facility from $100M to $150M","bullets":["First Amendment to Second Amended Revolving Loan dated Aug 26, 2026 raises borrowing capacity from $100M to $150M.","Facility can be further increased to $200M at lender's sole discretion, subject to underwriting and no default.","Borrower is OP SPE SUMMIT, LLC (Offerpad subsidiary); lenders are WHGG II TRUST and ASCENT DEVELOPER SOLUTIONS LLC.","Revolving loan terms: advances, repayments, re-advances permitted; aggregate outstanding with Other Loans capped at $150M.","Borrower represents no Default or Event of Default exists as of amendment date; customary covenants and events of default remain."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-376851","json":"https://secwatch.observer/filing/0001193125-26-376851.json","markdown":"https://secwatch.observer/filing/0001193125-26-376851.md","text":"https://secwatch.observer/filing/0001193125-26-376851.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312526376851/0001193125-26-376851-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312526376851/d116463d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-31T20:24:10.065492+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"}