Offerpad unit amends revolving loan, lifts uncommitted borrowing capacity to $150 million - OPAD News | RalliesOfferpad unit amends revolving loan, lifts uncommitted borrowing capacity to $150 million
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OPAD• Offerpad unit amends revolving loan agreement
- Offerpad subsidiary OP SPE Summit amended its revolving loan agreement with WHGG II Trust, Ascent Developer Solutions on Aug. 26, 2026.
- The amendment raised principal uncommitted borrowing capacity to $150 million from $100 million.
- The facility includes a financial covenant limiting OP SPE Summit’s ability to incur additional debt.
- Customary default provisions allow lenders to terminate the loan and accelerate repayment of outstanding borrowings.
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