secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2023-07-07T23:59:59+00:00
Accession:  0001831631-23-000215
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

loanDepot enters $450M revolving credit facility with Flagstar, secured by MSRs
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- Facility is an amended and restated credit agreement dated June 30, 2023, providing up to $450M (expandable to $600M).
- Borrower is loanDepot.com, LLC; Flagstar Bank serves as administrative agent and a lender.
- Line is secured by certain mortgage servicing rights under Freddie Mac servicing agreement and other collateral.
- Replaces prior credit agreement with Signature Bank that Flagstar had previously assumed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000215/0001831631-23-000215-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000215/ldi-20230630.htm
  HTML page:      https://secwatch.observer/filing/0001831631-23-000215

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