loanDepot Inc. Completes $200 Million Secured Term Notes Offering Backed by Ginnie Mae MSRs

Reuters
06-03
loanDepot Inc. Completes $200 Million Secured Term Notes Offering Backed by Ginnie Mae MSRs

loanDepot Inc. has announced the successful completion of a private offering of secured term notes, issuing an aggregate principal amount of $200 million. The notes, issued by loanDepot's indirect subsidiary, loanDepot GMSR Master Trust, are secured by certain assets, including portfolio excess spread relating to mortgage servicing rights on loans underlying mortgage-backed securities guaranteed by Ginnie Mae. The notes carry a variable interest rate based on SOFR plus a margin and are set to mature on May 16, 2030, with a possible extension to May 17, 2032. Proceeds from this issuance were used to redeem the Series 2018-GT1 Term Notes, which were due to mature in October 2025. Nomura Securities International, Inc. served as the manager and initial purchaser of the notes.

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 Business Wire (Ref. ID: 20250602591366) on June 02, 2025, and is solely responsible for the information contained therein.

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