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.
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