loanDepot amends exchange offer for $497.8M 6.5% notes, offers new 8.75% secured notes due 2027

loanDepot, Inc.

New notes pay 8.750% (up 0.5%) and mature Nov 2027; total consideration $1,100 per $1,000 principal (cash + notes).
Maximum cash consideration $185M; minimum tender condition of 85% ($423.1M) of outstanding notes.
As of June 3, $123.1M (24.7%) tendered; holders of 68% indicated intent to participate.
New notes secured by credit risk retention securities, MSRs (up to $60M fair value), and $100.6M of 2028 notes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.