Brief: Offerpad Solutions Inc Says Its Unit Entered Into Amendment No. 1

Offerpad Solutions

08/07/2022 22:40

July 8 (Reuters) - Offerpad Solutions Inc  OPAD.N :
    * OFFERPAD SOLUTIONS INC - UNIT OF OFFERPAD ENTERED INTO
AMENDMENT
NO. 1 TO SECOND AMENDED AND RESTATED MEZZANINE LOAN AND SECURITY
AGREEMENT
    * OFFERPAD SOLUTIONS INC - MEZZANINE AMENDMENT EXTENDS
MATURITY
DATE FOR FACILITY FROM AUGUST 25, 2022 TO JUNE 7, 2024
    * OFFERPAD SOLUTIONS INC - BORROWING CAPACITY UNDER FACILITY
WAS
INCREASED FROM $65.0 MILLION TO $97.5 MILLION IN MEZZANINE
AMENDMENT

Further company coverage:  OPAD.N 

 ((Reuters.Briefs@thomsonreuters.com;))