loanDepot, Inc. Enters Material Definitive Agreement

TL;DR

loanDepot just signed a big deal, new financial obligation incoming.

AI Summary

On April 11, 2025, loanDepot, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, headquartered at 6561 Irvine Center Drive, Irvine, CA, filed an 8-K report detailing this significant financial event.

Why It Matters

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

Risk Assessment

Risk Level: medium — Entering into new financial obligations can introduce risks related to repayment, interest rates, and overall financial health.

Key Players & Entities

• loanDepot, Inc. (company) — Registrant
• 6561 Irvine Center Drive, Irvine, CA 92618 (location) — Principal Executive Offices
• April 11, 2025 (date) — Date of Report

FAQ

From the Filing

0001831631-25-000041.txt : 20250417 0001831631-25-000041.hdr.sgml : 20250417 20250416180125 ACCESSION NUMBER: 0001831631-25-000041 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 18 CONFORMED PERIOD OF REPORT: 20250411 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250417 DATE AS OF CHANGE: 20250416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: loanDepot, Inc. CENTRAL INDEX KEY: 0001831631 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 02 Finance EIN: 853948939 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40003 FILM NUMBER: 25843771 BUSINESS ADDRESS: STREET 1: 6561 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: (949) 434-5964 MAIL ADDRESS: STREET 1: 6561 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 ldi-20250411.htm 8-K ldi-20250411 FALSE 0001831631 0001831631 2025-04-11 2025-04-11 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________ FORM 8-K _____________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (or date of earliest event reported): April 11, 2025 _____________________ loanDepot, Inc. (Exact Name of Registrant as Specified in its Charter) _____________________ Delaware 001-40003 85-3948939 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification Number) 6561 Irvine Center Drive Irvine , California 92618 (Address of Principal Executive Offices) (Zip Code) Registrant’s telephone number, including area code: (888)   337-6888 _____________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.001 Par Value LDI New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company   ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   o Item 1.01 Entry into a Material Definitive Agreement. On April 11, 2025, Mello Warehouse Securitization Trust 2025-1 (the “Trust”) and loanDepot.com, LLC (“loanDepot"), both indirect subsidiaries of loanDepot, Inc. (the “Company”) entered into an Indenture with U.S. Bank Trust Company, National Association, as indenture trustee and note calculation agent, and U.S. Bank National Association, as standby servicer and initial securities intermediary (the “Indenture”). Pursuant to the Indenture, the Trust issued $300 million of notes (the “MWST Notes”). The MWST Notes are backed by a revolving warehouse line of credit,