secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001831631-23-000292
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

loanDepot extends repurchase facility maturity to Jan 30, 2024; terminates unused Atlas MRA
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- Extended maturity of $175M aggregate repurchase facility to Jan 30, 2024 (from earlier termination).
- Terminated Atlas MRA (dated 2017) with no outstanding borrowings and no penalties.
- Omnibus Amendment added new financial covenants (Adjusted Tangible Net Worth, leverage, liquidity, profitability) – exact thresholds redacted.
- Facility fee paid on Nov 1, 2023 (amount redacted); existing reps and warranties reaffirmed.
- No Event of Default; loanDepot continues access to three repurchase facilities with shared $175M capacity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000292/0001831631-23-000292-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000292/ldi-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001831631-23-000292

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