loanDepot, Inc. (LDI): debt financing — loanDepot closes $500M warehouse securitization, replaces prior $300M facility

loanDepot, Inc.

$500M MWST 2026-1 notes issued, backed by newly originated first-lien residential mortgage loans (Fannie/Freddie/Ginnie or jumbo guidelines).
Notes bear interest at 30-day Term SOFR plus margin; terminate April 2029 (earlier if prepaid or default).
Prior 2024-1 facility ($300M) fully prepaid and terminated without penalties; no borrowings outstanding.
LD Holdings Group provides guaranty under separate agreement.

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 senior notes of $500 million with U.S. Bank Trust Company, National Association at 30-day Term SOFR plus a margin maturing the earlier of (i) April 24, 2029, (ii) upon loanDepot exercising its right to optional prepayment in full or (iii) upon an event of default which results in th.

Instrument: senior notes
Principal: $500 million
Counterparty: U.S. Bank Trust Company, National Association
Rate: 30-day Term SOFR plus a margin
Maturity: the earlier of (i) April 24, 2029, (ii) upon loanDepot exercising its right to optional prepayment in full or (iii) upon an event of default which results in th
Event: incurrence

Exact text from the filing

(the “Company”) entered into an Indenture with U.S. Bank Trust Company, National Association, as indenture trustee and note calculation agent, and U.S.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.7

loanDepot, Inc. incurred guarantee with Mello Warehouse Securitization Trust 2026-1.

Instrument: guarantee
Counterparty: Mello Warehouse Securitization Trust 2026-1
Event: incurrence

Exact text from the filing

loanDepot’s obligations under the Master Repurchase Agreement are guaranteed by LD Holdings Group, LLC

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

loanDepot, Inc. entered into Guaranty with Mello Warehouse Securitization Trust 2026-1 valued at guarantee of loanDepot’s obligations under the Master Repurchase Agreement (effective 2026-04-27).

Action: entry
Agreement: credit facility
Counterparty: Mello Warehouse Securitization Trust 2026-1
Value: guarantee of loanDepot’s obligations under the Master Repurchase Agreement
Effective: 2026-04-27

Exact text from the filing

loanDepot’s obligations under the Master Repurchase Agreement are guaranteed by LD Holdings Group, LLC, a subsidiary of the Company, under a separate guaranty in favor of the Trust, dated as of April 27, 2026 (the “Guaranty”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

loanDepot, Inc. terminated 2024-1 Securitization Facility with Mello Warehouse Securitization Trust 2024-1 valued at $300 million of notes terminated; no borrowings outstanding; no termination penalties incurred (effective 2026-04-27).

Action: termination
Agreement: credit facility
Counterparty: Mello Warehouse Securitization Trust 2024-1
Value: $300 million of notes terminated; no borrowings outstanding; no termination penalties incurred
Effective: 2026-04-27

Exact text from the filing

On April 27, 2026, in connection with the anticipated consummation of the Mello Warehouse Securitization Trust 2026-1 transaction, loanDepot exercised its right to prepay in full its 2024-1 Securitization Facility (as defined below) and terminated (a) its Master Repurchase Agreement, dated as of September 27, 2024 (the “2024-1 MRA”), between Mello Warehouse Securitization Trust 2024-1 (“MWST 2024-1”), as buyer, and loanDepot, as seller; (b) its Indenture, dated as of September 27, 2024 (the “2024-1 Indenture”), between MWST 2024-1, as issuer, loanDepot, as servicer, and U.S. Bank Trust Company, National Association, as indenture trustee and note calculation agent, and U.S. Bank National Association, as standby servicer and initial securities intermediary; and (c) certain ancillary agreements (together with the 2024-1 Indenture and the 2024-1 MRA, the “2024-1 Securitization Facility”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

loanDepot, Inc. entered into Indenture with Mello Warehouse Securitization Trust 2026-1 valued at $500 million of notes (effective 2026-04-27).

Action: entry
Agreement: credit facility
Counterparty: Mello Warehouse Securitization Trust 2026-1
Value: $500 million of notes
Effective: 2026-04-27

Exact text from the filing

On April 27, 2026, Mello Warehouse Securitization Trust 2026-1 (the “Trust”) and loanDepot.com, LLC (“loanDepot”), both indirect subsidiaries of loanDepot, Inc. (the “Company”) entered into an Indenture with U.S. Bank Trust Company, National Association, as indenture trustee and note calculation agent, and U.S. Bank National Association, as standby servicer and initial securities intermediary (the “Indenture”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

loanDepot, Inc. entered into Master Repurchase Agreement with Mello Warehouse Securitization Trust 2026-1 valued at backed by a revolving warehouse line of credit, secured by newly originated, first-lien, fixed rate (effective 2026-04-27).

Action: entry
Agreement: credit facility
Counterparty: Mello Warehouse Securitization Trust 2026-1
Value: backed by a revolving warehouse line of credit, secured by newly originated, first-lien, fixed rate
Effective: 2026-04-27

Exact text from the filing

loanDepot’s obligations under the Master Repurchase Agreement are guaranteed by LD Holdings Group, LLC, a subsidiary of the Company, under a separate guaranty in favor of the Trust, dated as of April 27, 2026 (the “Guaranty”).

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loanDepot, Inc. filing history →

Source: SEC EDGAR

accession 0001831631-26-000052

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