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

TL;DR

loanDepot just signed a big deal, filing an 8-K with new agreements and financials.

AI Summary

On November 14, 2024, loanDepot, Inc. entered into a Material Definitive Agreement. The filing also includes financial statements and exhibits related to this agreement. The company is incorporated in Delaware and its 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 financial obligations or strategic shifts that carry inherent risks.

Key Players & Entities

• loanDepot, Inc. (company) — Registrant
• November 14, 2024 (date) — Date of Report
• 6561 Irvine Center Drive, Irvine, California 92618 (location) — Principal Executive Offices
• 001-40003 (company_id) — Commission File Number

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 Par Value LDI New York Stock Exchange
• $450.00 m — r an aggregate uncommitted financing of $450.00 million, with the Funding 2 Master Repurc
• $250 million — g for an additional committed amount of $250 million. The expiration date of each Master Rep

Filing Documents

• ldi-20241114.htm (8-K) — 29KB
• a101atlasf2_loandepot-mrar.htm (EX-10.1) — 734KB
• a102whcoloandepot-mraredac.htm (EX-10.2) — 729KB
• 0001831631-24-000291.txt ( ) — 1849KB
• ldi-20241114.xsd (EX-101.SCH) — 2KB
• ldi-20241114_lab.xml (EX-101.LAB) — 21KB
• ldi-20241114_pre.xml (EX-101.PRE) — 12KB
• ldi-20241114_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On November 14, 2024 loanDepot.com, LLC (the "Company"), a Delaware limited liability company and an indirect, subsidiary of loanDepot, Inc., as seller, entered into (i) a Master Repurchase Agreement (the "Funding 2 Master Repurchase Agreement") with Atlas Securitized Products, L.P., as administrative agent and as a buyer, and Atlas Securitized Products Funding 2, L.P., as a buyer and the other buyers joined thereto from time to time (collectively, the "Funding 2 Buyers"), and (ii) a Master Repurchase Agreement (the "WHCO Master Repurchase Agreement" and together with the Funding 2 Master Repurchase Agreement, the "Master Repurchase Agreements") with the Atlas Securitized Products, L.P., as administrative agent and a buyer and AGF WHCO 1-A3 LP, as a buyer, and the other buyers joined thereto from time to time (collectively, with the Funding 2 Buyers, the "Buyers"). Pursuant to the Master Repurchase Agreements, the Company may sell to the applicable Buyers, and later repurchase, residential mortgage loans. The Master Repurchase Agreements and certain ancillary agreements provide for an aggregate uncommitted financing of $450.00 million, with the Funding 2 Master Repurchase Agreement providing for an additional committed amount of $250 million. The expiration date of each Master Repurchase Agreement is November 13, 2025, unless extended or earlier terminated in accordance with the terms thereof. The Master Repurchase Agreements contain representations, warranties, covenants, conditions precedent to funding, events of default and indemnities that are customary for agreements of these types. Additionally, the Master Repurchase Agreements provide that the Company is required to cure any margin deficit at the request of the applicable administrative agent. Should any event of default occur, the financing of mortgage loans under both Master Repurchase Agreements may be terminated and the repurchase of any residentia

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1# Master Repurchase Agreement, dated November 14, 2024, among loanDepot.com, LLC, Atlas Securitized Products, L.P., Atlas Securitized Products Funding 2, L.P., and other buyers party thereto. 10.2# Master Repurchase Agreement, dated November 14, 2024, among loanDepot.com, LLC, Atlas Securitized Products, L.P., AGF WHCO 1-A3 LP, and other buyers party thereto. 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 19, 2024