---
schema_version: "secwatch.filing_event.v1"
accession: "0001831631-25-000264"
form_type: "8-K"
ticker: "LDI"
cik: "0001831631"
company_name: "loanDepot, Inc."
filed_at: "2025-12-29T23:59:59+00:00"
generated_at: "2026-05-16T12:07:57.575951+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# loanDepot issues $200M Series 2025-FT1 notes secured by MSR excess spread

## Summary
- Issued $200M aggregate principal amount of term notes via Series 2025-FT1 Indenture Supplement dated Dec 19, 2025.
- Notes priced at variable rate based on SOFR plus margin; mature Dec 19, 2030.
- Secured by participation certificate representing interest in portfolio excess spread from Fannie Mae MSRs owned by loanDepot.
- Notes offered in private placement to qualified institutional buyers under Rule 144A; registration exemption.
- Amendment No. 1 to Base Indenture updates definition of 'Borrowing Base Deficiency' among other changes.

## SEC filing metadata
- accession: 0001831631-25-000264
- form_type: 8-K
- ticker: LDI
- cik: 0001831631
- company_name: loanDepot, Inc.
- filed_at: 2025-12-29T23:59:59+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/1831631/000183163125000264/0001831631-25-000264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1831631/000183163125000264/ldi-20251219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001831631-25-000264
- JSON: https://secwatch.observer/filing/0001831631-25-000264.json
- Plain text: https://secwatch.observer/filing/0001831631-25-000264.txt

## Key facts
- Debt Financings
  loanDepot, Inc. incurred senior notes of $200 million with Citibank, N.A. at variable rate based on SOFR plus a margin per annum maturing December 19, 2030.
  - Instrument: senior notes
  - Principal: $200 million
  - Counterparty: Citibank, N.A.
  - Rate: variable rate based on SOFR plus a margin per annum
  - Maturity: December 19, 2030
  - Event: incurrence
  source text: Pursuant to the Series 2025-FT1 Indenture Supplement, the Issuer issued Series 2025-FT1 term notes (the “Notes”) in the aggregate principal amount of $200 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163125000264/0001831631-25-000264-index.htm
- Material Agreements
  loanDepot, Inc. amended Amendment No. 1 to the Base Indenture with Citibank, N.A. and Nomura Corporate Funding Americas, LLC (effective 2025-12-19).
  - Action: amendment
  - Agreement: notes offering
  - Counterparty: Citibank, N.A. and Nomura Corporate Funding Americas, LLC
  - Effective: 2025-12-19
  source text: 1, dated as of December 19, 2025 (“Amendment No. 1 to the Base Indenture”), by and among the Issuer, the Indenture Trustee, the Servicer, the Administrator, and the Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163125000264/0001831631-25-000264-index.htm
- Material Agreements
  loanDepot, Inc. entered into Series 2025-FT1 Indenture Supplement with Citibank, N.A. and Nomura Corporate Funding Americas, LLC valued at $200 million (effective 2025-12-19).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: Citibank, N.A. and Nomura Corporate Funding Americas, LLC
  - Value: $200 million
  - Effective: 2025-12-19
  source text: On December 19, 2025, loanDepot.com, LLC (the “Company”), an indirect subsidiary of loanDepot, Inc., and the Company’s wholly-owned subsidiary loanDepot FAMSR Master Trust (the “Issuer”) entered into the Series 2025-FT1 Indenture Supplement (the “Series 2025-FT1 Indenture Supplement”), by and among the Issuer, Citibank, N.A., as indenture trustee, calculation agent, paying agent and securities intermediary (in all such capacities, the “Indenture Trustee”), the Company, as servicer (the “Servicer”) and administrator (the “Administrator”), Nomura Corporate Funding Americas, LLC, as administrative agent (the “Administrative Agent”), related to the Base Indenture, dated as of November 14, 2025 (the “Base Indenture”), as amended by Amendment No. 1, dated as of December 19, 2025 (“Amendment No. 1 to the Base Indenture”), by and among the Issuer, the Indenture Trustee, the Servicer, the Administrator, and the Administrative Agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1831631/000183163125000264/0001831631-25-000264-index.htm

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