loanDepot, Inc. Files 8-K for Material Agreement

TL;DR

loanDepot just filed an 8-K for a new material agreement. Keep an eye on this.

AI Summary

On October 17, 2024, loanDepot, Inc. filed an 8-K report detailing a material definitive agreement. The filing also includes financial statements and exhibits, with the report being publicly filed on October 22, 2024. The company's principal executive offices are located at 6561 Irvine Center Drive, Irvine, California.

Why It Matters

This filing indicates a significant new agreement for loanDepot, Inc., which could impact its financial operations and strategic direction.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new risks or opportunities that may affect the company's financial health and stock performance.

Key Players & Entities

• loanDepot, Inc. (company) — Registrant
• October 17, 2024 (date) — Date of Report
• October 22, 2024 (date) — Filing Date
• 6561 Irvine Center Drive, Irvine, California (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 Par Value LDI New York Stock Exchange

Filing Documents

• ldi-20241017.htm (8-K) — 26KB
• flagstarbank-loandepotxsec.htm (EX-10.1) — 24KB
• 0001831631-24-000257.txt ( ) — 175KB
• ldi-20241017.xsd (EX-101.SCH) — 2KB
• ldi-20241017_lab.xml (EX-101.LAB) — 21KB
• ldi-20241017_pre.xml (EX-101.PRE) — 12KB
• ldi-20241017_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 17, 2024, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc, as borrower (the "Company"), entered into Amendment Number Two ("Amendment Two"), effective as of October 11, 2024, to the Amended and Restated Credit and Security (the "Credit Agreement"), dated as of June 30, 2023, with Flagstar Bank, National Association, as administrative agent on behalf of the lenders, and Flagstar Bank, National Association, as a lender and the other lenders party thereto (collectively, the "Lenders"), pursuant to which the Lenders provide the Company with a revolving line of credit secured by certain of the Company's mortgage servicing rights under the servicing agreement with Freddie Mac and other collateral listed therein. The purpose of Amendment Two is to extend the Termination Date to February 18, 2025. The foregoing description of Amendment Two does not purport to be complete and is qualified in its entirety by reference to the full text of Amendment Two, 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 Number Two to the Amended and Restate Credit and Security Agreement, dated October 11, 2024, among loanDepot.com, LLC, as borrower, Flagstar Bank, National Association, as administrative agent, and Flagstar Bank, National Association, as lender and the other lenders party thereto. 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: October 22, 2024