loanDepot Inc. $(LDI)$ has announced the successful completion of a private offering of secured term notes, with an aggregate principal amount of $150 million. These notes, issued by loanDepot's indirect subsidiary, loanDepot GMSR Master Trust, are secured by certain assets including portfolio excess spread related to mortgage servicing rights on loans underlying securities guaranteed by Ginnie Mae. The notes are variable rate, based on SOFR plus a margin, and mature on July 16, 2030. Proceeds from the issuance, net of fees, were utilized to partially pay down a previously issued variable funding note. Nomura Securities International, Inc. served as the manager and initial purchaser for this transaction.
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: 20250819633616) on August 19, 2025, and is solely responsible for the information contained therein.