loanDepot, Inc. (LDI): debt financing — 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.

Key facts

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 $200 million with Citibank, N.A. (trustee) and Nomura Corporate Funding Americas, LLC (administrative agent) at SOFR plus a margin per annum maturing May 16, 2030.

Instrument: senior notes
Principal: $200 million
Counterparty: Citibank, N.A. (trustee) and Nomura Corporate Funding Americas, LLC (administrative agent)
Rate: SOFR plus a margin per annum
Maturity: May 16, 2030
Event: incurrence

Exact text from the filing

Pursuant to the Series 2025-GT1 Indenture Supplement, the Issuer issued Series 2025-GT1 term notes (the “Notes”) in the aggregate principal amount of $200 million.

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Source: SEC EDGAR

accession 0001831631-25-000088

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