Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
loanDepot, Inc. incurred senior notes of $300 million with Mello Warehouse Securitization Trust 2025-1 at 30-day Term SOFR plus a margin maturing the earlier of (i) the three-year anniversary of the initial purchase date, (ii) upon loanDepot exercising its right to optional prepayment in full or (iii) upo.
- Instrument
- senior notes
- Principal
- $300 million
- Counterparty
- Mello Warehouse Securitization Trust 2025-1
- Rate
- 30-day Term SOFR plus a margin
- Maturity
- the earlier of (i) the three-year anniversary of the initial purchase date, (ii) upon loanDepot exercising its right to optional prepayment in full or (iii) upo
- Event
- incurrence
Exact text from the filing
On April 11, 2025, Mello Warehouse Securitization Trust 2025-1 (the “Trust”) and loanDepot.com, LLC (“loanDepot”), both indirect subsidiaries of loanDepot, Inc. (the “Company”) entered into an Indenture with U.S. Bank Trust Company, National Association, as indenture trustee and note calculation agent, and U.S. Bank National Association, as standby servicer and initial securities intermediary (the “Indenture”). Pursuant to the Indenture, the Trust issued $300 million of notes (the “MWST Notes”).
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