secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0001831631-23-000264
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

loanDepot enters amended $500M credit facility with Goldman Sachs to facilitate excess yield securitization
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- Amended and restated revolving credit facility up to $500M secured by Fannie Mae MSRs, maturing January 28, 2025.
- Amendment releases Lenders' security interest in excess yield of certain mortgage loans to permit sale and securitization.
- Borrower: loanDepot.com, LLC; Administrative Agent: Goldman Sachs Bank USA.
- Fannie Mae MSR advance rate and market value percentage defined in fee letter (confidential).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000264/0001831631-23-000264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000264/ldi-20230825.htm
  HTML page:      https://secwatch.observer/filing/0001831631-23-000264

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer