{"schema_version":"secwatch.filing_event.v1","accession":"0001831631-25-000141","form_type":"8-K","ticker":"LDI","cik":"0001831631","company_name":"loanDepot, Inc.","filed_at":"2025-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.205893+00:00","generated_at":"2026-05-18T01:15:53.897385+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"loanDepot subsidiary issues $150M Series 2025-GT2 notes secured by Ginnie Mae MSR excess spread","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001831631-25-000141","json":"https://secwatch.observer/filing/0001831631-25-000141.json","markdown":"https://secwatch.observer/filing/0001831631-25-000141.md","text":"https://secwatch.observer/filing/0001831631-25-000141.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1831631/000183163125000141/0001831631-25-000141-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1831631/000183163125000141/ldi-20250723.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T01:15:53.897385+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b5716253477f25ac519df431a06dbdb840b0ad95","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1831631/000183163125000141/0001831631-25-000141-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$150 million"},{"label":"Counterparty","value":"Nomura Corporate Funding Americas, LLC"},{"label":"Rate","value":"variable rate based on SOFR plus a margin per annum"},{"label":"Maturity","value":"July 16, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}