---
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"
generated_at: "2026-05-18T01:15:53.897385+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# loanDepot subsidiary issues $150M Series 2025-GT2 notes secured by Ginnie Mae MSR excess spread

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831631-25-000141
- JSON: https://secwatch.observer/filing/0001831631-25-000141.json
- Plain text: https://secwatch.observer/filing/0001831631-25-000141.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163125000141/0001831631-25-000141-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.