secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2023-01-05T23:59:59+00:00
Accession:  0001831631-23-000003
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

loanDepot amends repurchase facility: extends to Dec 2023, adds HELOC collateral, max purchase $300M
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- Termination date extended to December 28, 2023; maximum purchase price set at $300,000,000.
- Second lien loans (including home equity lines of credit) and first lien HELOCs added as eligible collateral.
- Interest rate benchmark transitioned from LIBOR to SOFR for pricing calculations.
- Facility remains uncommitted; financial covenants and pricing spreads updated per amendment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000003/0001831631-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000003/ldi-20221230.htm
  HTML page:      https://secwatch.observer/filing/0001831631-23-000003

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