secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2024-06-24T23:59:59+00:00
Accession:  0001831631-24-000177
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163124000177/0001831631-24-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163124000177/ldi-20240624.htm
  HTML page:      https://secwatch.observer/filing/0001831631-24-000177

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