loanDepot, Inc. (LDI): debt financing — loanDepot subsidiary issues $150M Series 2025-GT2 notes secured by Ginnie Mae MSR excess spread

loanDepot, Inc.

Class A $128.57M and Class B $21.43M notes issued by loanDepot GMSR Master Trust.
Notes are secured by a participation certificate in the portfolio excess spread of Ginnie Mae MSRs.
Maturity July 16, 2030; monthly payments at SOFR plus margin (initial benchmark: SOFR Rate).
Issued in a private placement to QIBs under Rule 144A; notes are unrated and subordinated to MBS Advance VFNs.
Proceeds used for general corporate purposes (not explicitly stated but typical for such securitizations).

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

loanDepot, Inc. incurred term loan of $150 million with Nomura Corporate Funding Americas, LLC at variable rate based on SOFR plus a margin per annum maturing July 16, 2030.

Instrument: term loan
Principal: $150 million
Counterparty: Nomura Corporate Funding Americas, LLC
Rate: variable rate based on SOFR plus a margin per annum
Maturity: July 16, 2030
Event: incurrence

Exact text from the filing

LLC, as credit manager. Pursuant to the Series 2025-GT2 Indenture Supplement, the Issuer issued Series 2025-GT2 term notes (the “Notes”) in the aggregate principal amount of $150 million. The Notes are mainly secured by a participation certificate representing a participation interest in the portfolio excess spread and, in certain circumstances, other assets of

View on SEC.gov

26 debt financings filed in the last 30 days. Browse all debt financings →

loanDepot, Inc. filing history →

Source: SEC EDGAR

accession 0001831631-25-000141

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.