Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 8.01 of this Current Report on Form 8-K is
incorporated herein by reference.
Item 8.01 Other Events.
As previously disclosed in a Current Report on Form 8-K filed with the
Securities and Exchange Commission on September 15, 2021 (the "September Form
8-K"), Offerpad SPE Borrower A, LLC ("SPE"), a wholly-owned indirect subsidiary
of Offerpad Solutions Inc. entered into a Loan and Security Agreement by and
among SPE, JPMorgan Chase Bank, N.A., as lender and administrative agent, each
of LL Private Lending Fund II, L.P. and the other lenders party thereto, as
lenders, and Wells Fargo Bank National Association, as paying agent and
calculation agent. On November 23, 2021, SPE exercised the accordion feature of
each of the Credit Facility and Mezzanine Facility provided for in the Loan and
Security Agreement and described in the Company's September Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description
104 Cover Page Interactive Data File - the cover page XBRL tags are
embedded within the Inline XBRL document.
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