debt
confidence high
sentiment neutral
materiality 0.50
loanDepot closes $300M warehouse securitization, extends JPMorgan facilities
loanDepot, Inc.
- Issued $300M MWST 2024-1 notes backed by newly originated residential mortgage loans; interest at 30-day Term SOFR plus margin.
- Terminated $500M MWST 2021-3 facility with no outstanding borrowings; no termination penalties incurred.
- Extended JPMorgan master repurchase agreement termination date to December 26, 2024 via Third Amendment.
- Extended Series 2020-VF1 maturity date to September 26, 2025 via Amendment No. 6.
- Extended mortgage loan participation sale agreement termination date to September 26, 2025 via Amendment No. 3.