---
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"
generated_at: "2026-08-31T20:24:10.065492+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Offerpad subsidiary upsizes revolving credit facility from $100M to $150M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-376851
- JSON: https://secwatch.observer/filing/0001193125-26-376851.json
- Plain text: https://secwatch.observer/filing/0001193125-26-376851.txt

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