loanDepot, Inc. Enters Material Definitive Agreement
Ticker: LDI · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1831631
| Field | Detail |
|---|---|
| Company | Loandepot, INC. (LDI) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $225,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement
TL;DR
loanDepot just signed a big deal, details TBD.
AI Summary
On April 16, 2024, loanDepot, Inc. entered into a Material Definitive Agreement. The filing does not provide specific details on the agreement or any associated dollar amounts, but it indicates a significant event for the company.
Why It Matters
This filing signals a significant new contract or partnership for loanDepot, Inc., the implications of which will be closely watched by investors.
Risk Assessment
Risk Level: medium — The nature of the material definitive agreement is not disclosed, leaving investors uncertain about its potential impact on the company's financial health and operations.
Key Players & Entities
- loanDepot, Inc. (company) — Registrant
FAQ
What is the nature of the Material Definitive Agreement entered into by loanDepot, Inc. on April 16, 2024?
The filing states that loanDepot, Inc. entered into a Material Definitive Agreement on April 16, 2024, but does not provide specific details about its nature.
Are there any financial figures associated with this Material Definitive Agreement?
The provided filing does not specify any dollar amounts or financial figures related to the Material Definitive Agreement.
What is the principal executive office address for loanDepot, Inc.?
The principal executive office address for loanDepot, Inc. is 6561 Irvine Center Drive, Irvine, California 92618.
What is the SEC file number for loanDepot, Inc.?
The SEC file number for loanDepot, Inc. is 001-40003.
When was this Form 8-K filed with the SEC?
This Form 8-K was filed with the SEC on April 22, 2024.
Filing Stats: 608 words · 2 min read · ~2 pages · Grade level 10.2 · Accepted 2024-04-22 16:45:15
Key Financial Figures
- $0.001 — hich registered Class A Common Stock, $0.001 Par Value LDI New York Stock Exchange
- $225,000,000 — change the aggregate facility amount to $225,000,000 and (c) make certain changes related to
Filing Documents
- ldi-20240416.htm (8-K) — 29KB
- ubs-loandepotxamendmentno4.htm (EX-10.1) — 613KB
- 0001831631-24-000098.txt ( ) — 866KB
- ldi-20240416.xsd (EX-101.SCH) — 2KB
- ldi-20240416_lab.xml (EX-101.LAB) — 21KB
- ldi-20240416_pre.xml (EX-101.PRE) — 12KB
- ldi-20240416_htm.xml (XML) — 3KB
01. Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. Amendment No. 4 to the Amended and Restated Master Repurchase Agreement with UBS AG On April 16, 2024, loanDepot.com, LLC (the "Company"), a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc., as seller, entered into Amendment No. 4 ("Amendment No. 4") to the Amended and Restated Master Repurchase Agreement, dated as of August 11, 2021 (as amended, restated, supplemented or otherwise modified from time to time, the "MRA") with UBS AG, by and through its branch office at 1285 Avenue of Americas, New York, New York, as buyer ("UBS") pursuant to which the Company may sell to, and later repurchase from, UBS certain residential mortgage loans. The primary purposes of Amendment No. 4, and certain ancillary agreements are to (a) extend the Termination Date until April 15, 2025, (b) change the aggregate facility amount to $225,000,000 and (c) make certain changes related to eligible types of mortgage loan products. The foregoing description of Amendment No. 4 does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment No.4, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment No. 4, dated as of April 16, 2024, by and between UBS AG, by and through its branch office at 1285 Avenue of Americas, New York, New York, and loanDepot.com, LLC to the Amended and Restated Master Repurchase Agreement. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. loanDepot, Inc. By: /s/ David Hayes Name: David Hayes Title: Chief Financial Officer Date: April 22, 2024