debt
confidence high
sentiment neutral
materiality 0.55
loanDepot amends credit facility with Goldman Sachs; extends maturity to Jan 2026
loanDepot, Inc.
- First Amendment to Credit Agreement with Goldman Sachs Bank USA executed July 26, 2024.
- Aggregate facility amount set at $450M; committed amount $250M.
- Maturity date extended to January 28, 2026, contingent on Fannie Mae acknowledgment amendment.
- Borrower is loanDepot FA Agency MSR, LLC; guaranteed by loanDepot.com, LLC.
- Amendment also revises definitions for Availability Period End Date, Fee Letters, and Minimum Utilization Fee Payment Date.