debt
confidence high
sentiment neutral
materiality 0.40
loanDepot extends credit facility termination date to Feb 18, 2025
loanDepot, Inc.
- Amended credit agreement with Flagstar Bank and other lenders to push termination date from Dec 20, 2024 to Feb 18, 2025.
- LoanDepot.com is borrower; credit line is secured by mortgage servicing rights and other collateral.
- Amendment effective Oct 11, 2024; Freddie Mac's consent was required and obtained.
- Company represents no default exists and all covenants remain satisfied.
- No changes to borrowing capacity, interest rate, or other material terms.