secwatch.observer — SEC 8-K summary
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Issuer:     loanDepot, Inc. (LDI)
CIK:        0001831631
Form:       8-K
Filed at:   2025-06-02T23:59:59+00:00
Accession:  0001831631-25-000088
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

loanDepot issues $200M Series 2025-GT1 notes, repays $200M Series 2018-GT1 notes
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1831631/000183163125000088/0001831631-25-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1831631/000183163125000088/ldi-20250528.htm
  HTML page:      https://secwatch.observer/filing/0001831631-25-000088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer