loanDepot enters $300M FNMSR facility, replaces existing $291.2M revolver

loanDepot, Inc.

New FNMSR Facility provides up to $300M of variable-rate financing secured by Fannie Mae MSRs, matures May 29, 2026.
Series 2025-VF1 Notes issued to Nomura Corporate Funding Americas at daily simple SOFR plus margin.
Prior $300M revolving credit facility with NCFA terminated; $291.2M outstanding transferred without penalties.
LD Holdings Group LLC provided a guaranty for the Series 2025-VF1 Master Repurchase Agreement.
Maximum purchase price reduces to $150M after initial term note issuance.

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 debt of $300 million with Nomura Corporate Funding Americas, LLC at daily simple SOFR plus a margin per annum maturing May 29, 2026.

Principal: $300 million
Counterparty: Nomura Corporate Funding Americas, LLC
Rate: daily simple SOFR plus a margin per annum
Maturity: May 29, 2026
Event: incurrence

Exact text from the filing

The Series 2025-VF1 Notes have a maximum purchase price of $300 million, which will be reduced to $150 million after the issuance of the initial series of term notes. The 2025-VF1 Notes are priced at a variable rate based on daily simple SOFR plus a margin per annum and are expected to mature on May 29, 2026.

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Source: SEC EDGAR

accession 0001831631-25-000229

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