secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2024-06-05T23:59:59+00:00
Accession:  0001831631-24-000133
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163124000133/0001831631-24-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163124000133/ldi-20240604.htm
  HTML page:      https://secwatch.observer/filing/0001831631-24-000133

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