loanDepot Inc. Enters $200 Million Series 2025-GT1 Indenture Supplement with Citibank and Nomura, Terminates Series 2018-GT1 Notes

Reuters
2025/06/03
loanDepot Inc. Enters $200 Million Series 2025-GT1 Indenture Supplement with Citibank and Nomura, Terminates Series 2018-GT1 Notes

loanDepot Inc. has entered into a significant new financing agreement through its indirect subsidiary, loanDepot.com, LLC, and its wholly-owned subsidiary, loanDepot GMSR Master Trust. On May 28, 2025, the parties executed the Series 2025-GT1 Indenture Supplement with Citibank, N.A., Nomura Corporate Funding Americas, LLC, and Pentalpha Surveillance LLC. This agreement involves the issuance of Series 2025-GT1 term notes worth $200 million, primarily secured by participation interests in Ginnie Mae mortgage servicing rights. The notes, priced at a variable rate based on SOFR plus a margin, are set to mature by May 16, 2030, with a possible extension to May 17, 2032. The proceeds from this offering were utilized to fully prepay and terminate the Series 2018-GT1 Term Notes, avoiding any termination penalties. This transaction marks a strategic financial move for loanDepot, streamlining their obligations while securing new capital for future operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. loanDepot Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001831631-25-000088), on June 02, 2025, and is solely responsible for the information contained therein.

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