Offerpad raises revolving loan borrowing capacity to $200 million under amended deal with WHGG II Trust, Ascent Developer Solutions
Bitget2026/10/13 20:33- Offerpad entered a third amended and restated revolving loan agreement on Oct. 7, 2026, via unit OP SPE Summit.
- Uncommitted borrowing capacity increased to USD 200 million from USD 150 million.
- Facility provided by WHGG II Trust, Ascent Developer Solutions.
- Agreement includes a financial covenant limiting additional indebtedness, with defaults allowing termination and acceleration of outstanding borrowings.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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