---
schema_version: "secwatch.filing_event.v1"
accession: "0001831631-25-000229"
form_type: "8-K"
ticker: "LDI"
cik: "0001831631"
company_name: "loanDepot, Inc."
filed_at: "2025-11-20T23:59:59+00:00"
generated_at: "2026-05-16T18:10:39.063272+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001831631-25-000229
- form_type: 8-K
- ticker: LDI
- cik: 0001831631
- company_name: loanDepot, Inc.
- filed_at: 2025-11-20T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1831631/000183163125000229/0001831631-25-000229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831631/000183163125000229/ldi-20251114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831631-25-000229
- JSON: https://secwatch.observer/filing/0001831631-25-000229.json
- Plain text: https://secwatch.observer/filing/0001831631-25-000229.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163125000229/0001831631-25-000229-index.htm

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