debt
confidence high
sentiment neutral
materiality 0.65
loanDepot secures $400M revolving credit facility backed by MSRs
loanDepot, Inc.
- $400M revolving line of credit from Atlas Securitized Products Funding 1, LP.
- Facility secured by mortgage servicing rights under Freddie Mac servicing agreement.
- Expiration date is January 29, 2027.
- Proceeds used for general corporate purposes per the credit agreement.
- Agreement contains customary representations, warranties, and events of default.