loanDepot, Inc. Files 8-K for Material Definitive Agreement

TL;DR

loanDepot just signed a big deal, filing an 8-K for a material definitive agreement.

AI Summary

On October 30, 2024, loanDepot, Inc. entered into a material definitive agreement related to a financial obligation. The company, headquartered in Irvine, California, filed this Form 8-K to report this event.

Why It Matters

This filing indicates a significant new financial commitment or obligation for loanDepot, Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new financial risks or obligations that require careful monitoring.

Key Players & Entities

• loanDepot, Inc. (company) — Registrant
• October 30, 2024 (date) — Date of Report
• 6561 Irvine Center Drive Irvine, California 92618 (address) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 Par Value LDI New York Stock Exchange
• $600 million — ments provide for uncommitted amount of $600 million to be used for the financing of certain

Filing Documents

• ldi-20241030.htm (8-K) — 32KB
• ex101jpm-loandepotwhxmrare.htm (EX-10.1) — 753KB
• ex102jpm-loandepotwhxguara.htm (EX-10.2) — 60KB
• ex103241028everbankld4tham.htm (EX-10.3) — 125KB
• 0001831631-24-000261.txt ( ) — 1250KB
• ldi-20241030.xsd (EX-101.SCH) — 2KB
• ldi-20241030_lab.xml (EX-101.LAB) — 21KB
• ldi-20241030_pre.xml (EX-101.PRE) — 12KB
• ldi-20241030_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. Master Repurchase Agreement with JPMorgan Chase Bank, National Association. On October 30, 2024, loanDepot JPM Warehouse Facility, LLC, a Delaware limited liability company and a wholly-owned subsidiary of loanDepot.com, LLC, as seller ("Seller"), entered into a Master Repurchase Agreement (the "Master Repurchase Agreement") with loanDepot.com, LLC, a Delaware limited liability company and an indirect, majority-owned subsidiary of loanDepot, Inc., as guarantor and servicer ("loanDepot"), loanDepot JPM Warehouse Trust, a Delaware statutory trust, as asset subsidiary ( "Asset Subsidiary") and JPMorgan Chase Bank National Association, a national banking association, as administrative agent (in such capacity, "Administrative Agent") and a buyer (in such capacity, a "Buyer") and other Buyers joined thereto from time to time (together with Administrative Agent in its capacity as a Buyer, the "Buyers"). Pursuant to the Master Repurchase Agreement, Seller will transfer to the Administrative Agent for the benefit of the Buyers the trust certificate of Asset Subsidiary (the "Purchased Certificate") which represents 100% of the beneficial interest in certain residential mortgage loans. In exchange for the Purchased Certificate, Administrative Agent will transfer funds to Seller and agrees to transfer to Seller such Purchased Certificate against the transfer of funds by Seller to Administrative Agent on a date certain not later than the termination date. The Master Repurchase Agreement and certain ancillary agreements provide for uncommitted amount of $600 million to be used for the financing of certain residential mortgage loans. The expiration date of the Master Repurchase Agreement is October 30, 2025, unless extended or earlier terminated in accordance with the terms of the Master Repurchase Agreement. The Master Repurchase Agreement contains representations, warranties, covenants, conditions precedent to funding,

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1# Master Repurchase Agreement, dated October 30, 2024, among loanDepot.com, LLC, loanDepot JPM Warehouse Trust, and JPMorgan Chase Bank, National Association. 10.2 Guaranty, dated October 30, 2024, made by loanDepot.com, LLC in favor of JPMorgan Chase Bank, National Association. 10.3# Fourth Amendment to the Second Amended and Restate Master Repurchase Agreement, dated October 31, 2024, between loanDepot.com, LLC and Everbank, N.A. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) # Confidential information has been omitted because it is both (i) not material and (ii) is the type of information that the Company treats as private or confidential pursuant to Item 601(b)(10) of Regulation S-K. 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: November 1, 2024