loanDepot, Inc. Enters Material Definitive Agreement

TL;DR

loanDepot just signed a big financial deal, could be good or bad.

AI Summary

On January 29, 2025, loanDepot, Inc. entered into a material definitive agreement related to a financial obligation. The filing details the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant.

Why It Matters

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

Risk Assessment

Risk Level: medium — The nature of the financial obligation is not fully detailed, requiring further analysis to assess the associated risks.

Key Players & Entities

• loanDepot, Inc. (company) — Registrant
• January 29, 2025 (date) — Date of Report

FAQ

Key Financial Figures

• $0.001 — hich registered Class A Common Stock, $0.001 Par Value LDI New York Stock Exchange
• $400 million — pany with a revolving line of credit of $400 million. This facility is secured by certain of

Filing Documents

• ldi-20250129.htm (8-K) — 28KB
• exhibit101ldfhlmc-creditan.htm (EX-10.1) — 715KB
• 0001831631-25-000004.txt ( ) — 985KB
• ldi-20250129.xsd (EX-101.SCH) — 2KB
• ldi-20250129_lab.xml (EX-101.LAB) — 21KB
• ldi-20250129_pre.xml (EX-101.PRE) — 12KB
• ldi-20250129_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 29, 2025, loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc., as borrower (the "Company"), entered into a Credit and Security Agreement (the "Credit Agreement") with Atlas Securitized Products, L.P., as administrative agent (the "Administrative Agent"), and Atlas Securitized Products Funding 1, L.P., as lender (the "Lender"), pursuant to which the Lender provides the Company with a revolving line of credit of $400 million. This facility is secured by certain of the Company's mortgage servicing rights under the servicing agreement with Freddie Mac and other collateral listed therein. The Credit Agreement contains representations, warranties, covenants, conditions precedent to funding, events of default and indemnities that are customary for agreements of these types. The expiration date of the Credit Agreement is January 29, 2027. Subject to the terms of an acknowledgment agreement among the Company, the Administrative Agent and Freddie Mac, should any event of default occur and be continuing, the Administrative Agent at the direction of the Lender, may terminate the financing and declare all obligations of the Company immediately due and payable. The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. All information set forth in Item 1.01 of this Form 8-K is incorporated by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1# Credit and Security Agreement, dated January 29, 2025, among loanDepot.com, LLC, as borrower, Atlas Securitized Products, L.P., as a dministrative a gent and Atlas Securitized Products Funding 1, L.P., as lender. 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 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: January 31, 2025