secwatch / observer
8-K filed May 4, 2023, 7:59 PM ET ticker LDI CIK 0001831631
debt confidence high sentiment positive materiality 0.55

loanDepot extends Ginnie Mae MSR-backed facility to Nov 2023, ups availability to $600M

loanDepot, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

loanDepot, Inc. amended Omnibus Amendment No. 2 to Indenture Supplements with loanDepot GMSR Master Trust, Citibank, N.A., Atlas Securitized Products, L.P., and Nexera Holding LLC valued at Extended termination date to November 1, 2023; changed maximum purchase price to $600,000,000; amend (effective 2023-04-28).

Action
amendment
Agreement
credit facility
Counterparty
loanDepot GMSR Master Trust, Citibank, N.A., Atlas Securitized Products, L.P., and Nexera Holding LLC
Value
Extended termination date to November 1, 2023; changed maximum purchase price to $600,000,000; amend
Effective
2023-04-28
Exact text from the filing
Omnibus Amendment No. 2 to Indenture Supplements On April 28, 2023, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc. (the “Company”), as administrator and servicer, entered into an Omnibus Amendment No. 2 to the Indenture Supplements (Amendment No. 2”) with loanDepot GMSR Master Trust, as issuer (the “Issuer”), Citibank, N.A, as indenture trustee, Atlas Securitized Products, L.P., as administrative agent (the “Administrative Agent”) and consented to by Nexera Holding LLC, as noteholder of the Series 2017-VF1 Note, Series 2017-MBSADV1 Note, Series 2021-SAVF1 Note and Series 2021-PIAVF1 Note. Under this facility, the Company, through the Issuer, one of its wholly-owned subsidiaries, has issued four outstanding variable funding notes (each, a VFN”) which are secured by Ginnie Mae mortgage servicing rights. Amendment No. 2 amended each of the following Indenture Supplements: (i) that certain Amended and Restated Series 2017-VF1 Indentur
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72 material agreements filed in the last 30 days. Browse all material agreements →

loanDepot, Inc. filing history →

Source: SEC EDGAR
accession 0001831631-23-000139
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