---
schema_version: "secwatch.filing_event.v1"
accession: "0001831631-24-000175"
form_type: "8-K"
ticker: "LDI"
cik: "0001831631"
company_name: "loanDepot, Inc."
filed_at: "2024-06-20T23:59:59+00:00"
generated_at: "2026-06-01T03:39:49.348285+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# loanDepot exchanges 96% of 6.5% notes due 2025 for 8.75% secured notes due 2027; $477.96M tendered

## Summary
- $477,955,000 (96.0%) of outstanding 6.500% Senior Notes due 2025 tendered and accepted; $340,646,000 of 8.750% Senior Secured Notes due 2027 issued plus ~$185M cash.
- Remaining $19,795,000 of Old Notes outstanding after settlement expected June 24, 2024.
- Consents obtained to eliminate substantially all restrictive covenants and release guarantees in the Old Notes indenture; supplemental indenture executed.
- CEO Frank Martell calls transaction a positive milestone in Vision 2025 plan, citing de-levered balance sheet and extended debt maturity profile.
- New Notes are secured and increase coupon from 6.5% to 8.75%; maturity extended to 2027.

## SEC filing metadata
- accession: 0001831631-24-000175
- form_type: 8-K
- ticker: LDI
- cik: 0001831631
- company_name: loanDepot, Inc.
- filed_at: 2024-06-20T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831631/000183163124000175/0001831631-24-000175-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831631/000183163124000175/ldi-20240618.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831631-24-000175
- JSON: https://secwatch.observer/filing/0001831631-24-000175.json
- Plain text: https://secwatch.observer/filing/0001831631-24-000175.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.