secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2022-12-28T23:59:59+00:00
Accession:  0001831631-22-000359
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163122000359/0001831631-22-000359-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163122000359/ldi-20221220.htm
  HTML page:      https://secwatch.observer/filing/0001831631-22-000359

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