secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001831631-24-000015
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.02, 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163124000015/0001831631-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163124000015/ldi-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001831631-24-000015

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