secwatch / observer
8-K filed September 28, 2023, 7:59 PM ET ticker LDI CIK 0001831631
debt confidence high sentiment neutral materiality 0.60

loanDepot extends JPMorgan and Bank of America financing facilities to Sep 2024

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 Amendment No. 5 to Series 2020-VFI Indenture Supplement with JPMorgan Chase Bank, N.A. valued at extend the maturity date to September 27, 2024 and modify the advance rate calculation (effective 2023-09-22).

Action
amendment
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A.
Value
extend the maturity date to September 27, 2024 and modify the advance rate calculation
Effective
2023-09-22
Exact text from the filing
On September 22, 2023, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc. (the “Company”), as servicer and administrator, and loanDepot Agency Advance Receivables Trust, a wholly owned subsidiary of the Company (the “Advance Receivables Trust”), as issuer, entered into Amendment No. 5 to the Series 2020-VF1 Indenture Supplement (the “Indenture Supplement Amendment”), with Citibank, N.A., as indenture trustee, calculation agent, paying agent, custodian and securities intermediary, and JPMorgan Chase Bank, N.A., as administrative agent pursuant to which the Advance Receivables Trust issued the 2020-VF1 Variable Funding Notes for the financing of servicing advance receivables with respect to residential mortgage loans serviced by the Company on behalf of Fannie Mae and Freddie Mac.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

loanDepot, Inc. amended Amendment No. 7 to the Second Amended and Restated Master Repurchase Agreement with Bank of America, N.A. valued at amend certain terms and extend the maturity date of the BANA financing facility to September 23, 202 (effective 2023-09-25).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A.
Value
amend certain terms and extend the maturity date of the BANA financing facility to September 23, 202
Effective
2023-09-25
Exact text from the filing
On September 25, 2023, the Company entered into (a) Amendment No. 5 (the ”BANA MLPSA Amendment No. 5”) to the Second Amended and Restated Mortgage Loan Participation Purchase and Sale Agreement, dated as of February 2, 2022, with Bank of America, NA., a national banking association (“BANA”), as purchaser and the Company as seller, (b) Amendment No. 7 (the “BANA MRA Amendment No. 7”) to the Second Amended and Restated Master Repurchase Agreement, dated as of August 20, 2021, with BANA, as buyer, loanDepot BA Warehouse, LLC, as seller, and the Company as guarantor, and (c) certain ancillary agreements, primarily to amend certain terms and extend the maturity date of the BANA financing facility to September 23, 2024.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

loanDepot, Inc. amended Amendment No. 5 to the Second Amended and Restated Mortgage Loan Purchase and Sale Agreement with Bank of America, N.A. valued at amend certain terms and extend the maturity date of the BANA financing facility to September 23, 202 (effective 2023-09-25).

Action
amendment
Agreement
credit facility
Counterparty
Bank of America, N.A.
Value
amend certain terms and extend the maturity date of the BANA financing facility to September 23, 202
Effective
2023-09-25
Exact text from the filing
On September 25, 2023, the Company entered into (a) Amendment No. 5 (the ”BANA MLPSA Amendment No. 5”) to the Second Amended and Restated Mortgage Loan Participation Purchase and Sale Agreement, dated as of February 2, 2022, with Bank of America, NA., a national banking association (“BANA”), as purchaser and the Company as seller, (b) Amendment No. 7 (the “BANA MRA Amendment No. 7”) to the Second Amended and Restated Master Repurchase Agreement, dated as of August 20, 2021, with BANA, as buyer, loanDepot BA Warehouse, LLC, as seller, and the Company as guarantor, and (c) certain ancillary agreements, primarily to amend certain terms and extend the maturity date of the BANA financing facility to September 23, 2024.
View on SEC.gov

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loanDepot, Inc. filing history →

Source: SEC EDGAR
accession 0001831631-23-000277
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