debt
confidence high
sentiment neutral
materiality 0.60
loanDepot issues $200M Series 2025-GT1 notes, repays $200M Series 2018-GT1 notes
loanDepot, Inc.
- Issued $200M aggregate Series 2025-GT1 term notes (Class A $171.43M, Class B $28.57M) secured by Ginnie Mae MSR excess spread.
- Notes are variable-rate based on SOFR plus margin, mature May 2030 (extendable to May 2032).
- Proceeds used to prepay in full $200M Series 2018-GT1 notes; no termination penalties incurred.
- Notes are unrated and subordinated to MBS Advance VFNs under the base indenture.
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