secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001831631-23-000341
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

loanDepot enters new $500M MSR-backed credit facility with Goldman Sachs
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- Revolving credit facility up to $500M secured by Fannie Mae mortgage servicing rights; initial commitment $300M.
- Borrower is loanDepot FA Agency MSR, LLC; guarantor is loanDepot.com, LLC; GS Bank is administrative agent.
- Replaces existing August 2023 credit agreement; facility matures January 28, 2025; availability period ends July 28, 2024.
- Proceeds used for general corporate purposes and to repay outstanding advances under prior facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000341/0001831631-23-000341-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163123000341/ldi-20231215.htm
  HTML page:      https://secwatch.observer/filing/0001831631-23-000341

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