loanDepot replaces Atlas with Nomura as GMSR facility administrative agent; extends maturity to Jan 2025

loanDepot, Inc.

Atlas resigned as administrative agent under the GMSR financing facility, replaced by Nomura Corporate Funding Americas (NCFA) effective Jan 25, 2024.
Existing VFN documents with Atlas and Nexera terminated; NCFA appointed as successor administrative agent and noteholder.
Maturity date on Series 2017-VF1, 2017-MBSADV1, 2021-SAVF1, and 2021-PIAVF1 notes extended to January 24, 2025.
Benchmark provisions updated to remove LIBOR references; Cumulative Interest Shortfall Amount Rate and Default Supplemental Fee Rate revised.
LD Holdings Group LLC provided a Guaranty in favor of NCFA as credit enhancement for the repurchase agreements.

item 1.02 item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

loanDepot, Inc. terminated Existing VFN Documents with Atlas, Nexera Holding LLC, and Company (effective 2024-01-25).

Action: termination
Counterparty: Atlas, Nexera Holding LLC, and Company
Effective: 2024-01-25

Exact text from the filing

x) above, together with the other Transaction documents (as defined in the Base Indenture) are referred to herein collectively as the “Existing Transaction Documents” and the agreements listed in clauses (x) through (xiii) above are referred to herein as the “Existing VFN Documents.” On January 25, 2024, Atlas resigned as administrative agent under the Existing Transaction Documents and Company, Atlas and Nexera mutually agreed to terminate the Existing VFN Documents, and the Existing Transaction Documents have been amended and restated as described under Item 1.01 below.

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Source: SEC EDGAR

accession 0001831631-24-000015

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