loanDepot subsidiary issues $340.6M of 8.750% senior secured notes due 2027 in exchange offer

loanDepot, Inc.

Subsidiary LD Holdings Group issued $340,646,000 aggregate principal of 8.750% Senior Secured Notes due November 1, 2027.
New Notes issued to settle exchange offer for any and all outstanding 6.500% Senior Notes due 2025.
Notes secured by risk retention securities, up to $60M MSRs, and $100.6M of 2028 Notes held by a guarantor.
Cash interest payable semi-annually starting Nov 1, 2024; optional redemption at make-whole prior to Nov 1, 2025.
Mello Credit Strategies provided a guarantee on the 2028 Notes via supplemental indenture dated June 24, 2024.

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