loanDepot launches exchange of $497.8M 6.5% notes for new 8.25% secured notes due 2027

loanDepot, Inc.

Offers $850 principal of 8.250% 2027 notes plus $250 cash per $1,000 Old Note (early tender); $200 cash late.
Early tender deadline June 3, 2024; expiration June 18, 2024; settlement expected June 24, 2024.
Soliciting consents to eliminate substantially all restrictive covenants in Old Note indenture.
New notes secured by membership interests, up to $60M MSRs, and $100.6M of 2028 notes.

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