loanDepot, Inc. Files 8-K on Financial Obligation

TL;DR

loanDepot just filed an 8-K for a new financial obligation - could be big.

AI Summary

On April 25, 2025, loanDepot, Inc. entered into a material definitive agreement related to a direct financial obligation. The company filed an 8-K report detailing this event, which falls under the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement.

Why It Matters

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

Risk Assessment

Risk Level: medium — Filings related to material definitive agreements and financial obligations can introduce new risks or alter existing ones for a company.

Key Players & Entities

• loanDepot, Inc. (company) — Registrant
• April 25, 2025 (date) — Date of Report
• 001-40003 (company) — SEC File Number
• 85-3948939 (company) — I.R.S. Employer Identification Number

FAQ

From the Filing

0001831631-25-000074.txt : 20250429 0001831631-25-000074.hdr.sgml : 20250429 20250429164312 ACCESSION NUMBER: 0001831631-25-000074 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 16 CONFORMED PERIOD OF REPORT: 20250425 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: 20250429 DATE AS OF CHANGE: 20250429 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: 25888573 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-20250425.htm 8-K ldi-20250425 FALSE 0001831631 0001831631 2025-04-15 2025-04-15 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 25, 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. Amended and Restated Master Repurchase Agreement and Securities Contract with Bank of Montreal. On April 25, 2025, loanDepot BMO Warehouse, LLC, a Delaware limited liability company and a wholly-owned subsidiary of loanDepot.com, LLC, as seller (“Seller”), entered into an Amended and Restated Master Repurchase Agreement and Securities Contract (the “Master Repurchase Agreement”) with loanDepot.com, LLC, a Delaware limited liability company and an indirect subsidiary of loanDepot, Inc., as guarantor (“loanDepot”), and Bank of Montreal, as buyer (“Buyer”). Pursuant to