{"schema_version":"secwatch.filing_event.v1","accession":"0001783398-23-000015","form_type":"8-K","ticker":"UWMC","cik":"0001783398","company_name":"UWM Holdings Corp","filed_at":"2023-03-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.525874+00:00","generated_at":"2026-06-17T21:32:09.789407+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"UWM obtains $500M GNMA MSR credit facility with Goldman Sachs, maturing March 2025","bullets":["UWM entered $500M uncommitted credit facility to finance GNMA mortgage servicing rights; Goldman Sachs is administrative agent.","Interest at 1-month SOFR or Alternate Rate plus margin; full repayment due March 20, 2025.","Borrowing base based on market value of GNMA MSRs; availability period ends March 20, 2024.","Financial covenants: max debt/tangible net worth, min liquidity, min tangible net worth, min quarterly net income.","Negative covenants restrict dividends and distributions if a default exists or would result."],"urls":{"canonical":"https://secwatch.observer/filing/0001783398-23-000015","json":"https://secwatch.observer/filing/0001783398-23-000015.json","markdown":"https://secwatch.observer/filing/0001783398-23-000015.md","text":"https://secwatch.observer/filing/0001783398-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1783398/000178339823000015/0001783398-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1783398/000178339823000015/xbrl-20230320.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T21:32:09.789407+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":[{"claim_id":"07777d66c13fc66cc78cd19a67de855af3031893","claim":"UWM Holdings Corp incurred credit facility of $500 million with Goldman Sachs Bank USA (as administrative agent) at one-month secured overnight financing rate or the Alternate Rate (as defined in maturing March 20, 2025.","evidence_excerpt":"On March 20, 2023, United Wholesale Mortgage, LLC (“UWM”), an indirect subsidiary of UWM Holdings Corporation (the “Company”), entered into the Credit Agreement (the “MSR Credit Agreement”), as borrower, with Goldman Sachs Bank USA, as administrative agent (the “Agent”), and the lender parties from time to time parties thereto (the “Lenders”), providing UWM with, up to, a $500 million facility to finance the origination, acquisition or holding of certain mortgage servicing rights (the “GNMA MSR Facility”). The GNMA MSR Facility is collateralized by all mortgage servicing rights owned by UWM that are appurtenant to mortgage loans pooled in securitization by Government National Mortgage Association that meet the criteria set forth in the MSR Credit Agreement. Availability under the GNMA MSR Facility is calculated based on the market value of the collateral. The GNMA MSR Facility is uncommitted. Interest on outstanding borrowings under the GNMA MSR Facility will accrue at the one-month se","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1783398/000178339823000015/0001783398-23-000015-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$500 million"},{"label":"Counterparty","value":"Goldman Sachs Bank USA (as administrative agent)"},{"label":"Rate","value":"one-month secured overnight financing rate or the Alternate Rate (as defined in"},{"label":"Maturity","value":"March 20, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"3e888843847c47e21edeb01d30bf30b1aab0c7b6","claim":"UWM Holdings Corp entered into MSR Credit Agreement with Goldman Sachs Bank USA valued at $500 million (effective 2023-03-20).","evidence_excerpt":"On March 20, 2023, United Wholesale Mortgage, LLC (“UWM”), an indirect subsidiary of UWM Holdings Corporation (the “Company”), entered into the Credit Agreement (the “MSR Credit Agreement”), as borrower, with Goldman Sachs Bank USA, as administrative agent (the “Agent”), and the lender parties from time to time parties thereto (the “Lenders”), providing UWM with, up to, a $500 million facility to finance the origination, acquisition or holding of certain mortgage servicing rights (the “GNMA MSR Facility”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1783398/000178339823000015/0001783398-23-000015-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Goldman Sachs Bank USA"},{"label":"Value","value":"$500 million"},{"label":"Effective","value":"2023-03-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}