{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-420502","form_type":"8-K","ticker":"OPAD","cik":"0001825024","company_name":"Offerpad Solutions Inc.","filed_at":"2026-10-13T20:32:26+00:00","discovered_at":"2026-10-13T20:33:00.248634+00:00","generated_at":"2026-10-13T20:33:03.314488+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"Offerpad lifts revolving loan capacity to $200M from $150M; maturity set at Aug 1, 2027","bullets":["OP SPE Summit LLC, an Offerpad subsidiary, amended its revolving loan on Oct 7, 2026, increasing uncommitted borrowing capacity to $200M from $150M.","Lenders are WHGG II Trust and Ascent Developer Solutions LLC; the Fifth Amended and Restated Revolving Promissory Note to WHGG caps at $57,702,574.00.","Original maturity date is Aug 1, 2027, with an option to extend six months; per-property advances range from $75,000 up to $2,000,000.","Construction budgets may not exceed 30% of Maximum Available Loan Funds per property; obligations are guaranteed by Offerpad Holdings LLC and Offerpad Solutions Inc.","Covenants restrict OP SPE's ability to incur indebtedness, with customary events of default allowing the Lender to accelerate outstanding borrowings."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-420502","json":"https://secwatch.observer/filing/0001193125-26-420502.json","markdown":"https://secwatch.observer/filing/0001193125-26-420502.md","text":"https://secwatch.observer/filing/0001193125-26-420502.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1825024/000119312526420502/0001193125-26-420502-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1825024/000119312526420502/opad-20261007.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-13T20:33:03.314488+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"}