---
schema_version: "secwatch.filing_event.v1"
accession: "0001831631-22-000359"
form_type: "8-K"
ticker: "LDI"
cik: "0001831631"
company_name: "loanDepot, Inc."
filed_at: "2022-12-28T23:59:59+00:00"
generated_at: "2026-06-20T22:32:33.143334+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# loanDepot extends $300M Signature Bank credit line to Dec 2023, amends $200M NexBank note

## Summary
- Amendment No. 1 extends Signature Bank revolving credit facility termination date to Dec 20, 2023; facility cap $300M, expandable to $500M.
- Sixteenth Amendment with NexBank updates promissory note to $200M dated Dec 22, 2022, securing the revolving line.
- Borrowings under both facilities are secured by mortgage servicing rights and other collateral.
- No other material changes; borrower represents no default at amendment date.

## SEC filing metadata
- accession: 0001831631-22-000359
- form_type: 8-K
- ticker: LDI
- cik: 0001831631
- company_name: loanDepot, Inc.
- filed_at: 2022-12-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831631/000183163122000359/0001831631-22-000359-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831631/000183163122000359/ldi-20221220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831631-22-000359
- JSON: https://secwatch.observer/filing/0001831631-22-000359.json
- Plain text: https://secwatch.observer/filing/0001831631-22-000359.txt

## Key facts
- Material Agreements
  loanDepot, Inc. amended Sixteenth Amendment with NexBank valued at $200,000,000 (effective 2022-12-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: NexBank
  - Value: $200,000,000
  - Effective: 2022-12-22
  source text: On December 22, 2022, the Company, as borrower, entered into the Sixteenth Amendment (“Amendment No. 16”) to the Credit and Security Agreement, dated as of October 29, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “NexBank Credit Agreement”) with NexBank, as lender (the “Lender”) pursuant to which the Lender has extended a revolving line of credit to the Company that is secured by certain of the Company’s mortgage servicing rights under the servicing agreement with Freddie Mac and other collateral listed in the NexBank Credit Agreement. The primary purpose of Amendment No,16 is change the definition of “Revolving Credit Note” to reference the Nineteenth Amended and Restated Promissory Note, dated as of December 22, 2022, in the amount of $200,000,000, made by the Company in favor of the Lender.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163122000359/0001831631-22-000359-index.htm
- Material Agreements
  loanDepot, Inc. amended Amendment Number 1 with Signature Bank valued at $300 million (effective 2022-12-20).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Signature Bank
  - Value: $300 million
  - Effective: 2022-12-20
  source text: On December 20, 2022, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc. (the “Company”), as borrower, entered into Amendment Number 1 (“Amendment No. 1”) to the Credit and Security Agreement, dated as of December 22, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”) with Signature Bank, as administrative agent on behalf of the lenders (in such capacity, the “Administrative Agent”) and Signature Bank, as a lender (the “Lender”), pursuant to which the Lender provides the Company with a revolving line of credit of $300 million, with an option to increase up to $500 million upon mutual consent, that is secured by certain of the Company’s mortgage servicing rights under the servicing agreement with Freddie Mac and other collateral listed therein. Along with certain technical changes the primary purpose of Amendment No.1 is to extend the termination date to December 20, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163122000359/0001831631-22-000359-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.