loanDepot Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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Finance: Consumer Services
Finance
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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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): December 19, 2025
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Item 1.01 Entry into a Material Definitive Agreement.
On December 19, 2025, loanDepot.com, LLC (the “Company”), an indirect subsidiary of loanDepot, Inc., and the Company’s wholly-owned subsidiary loanDepot FAMSR Master Trust (the “Issuer”) entered into the Series 2025-FT1 Indenture Supplement (the “Series 2025-FT1 Indenture Supplement”), by and among the Issuer, Citibank, N.A., as indenture trustee, calculation agent, paying agent and securities intermediary (in all such capacities, the “Indenture Trustee”), the Company, as servicer (the “Servicer”) and administrator (the “Administrator”), Nomura Corporate Funding Americas, LLC, as administrative agent (the “Administrative Agent”), related to the Base Indenture, dated as of November 14, 2025 (the “Base Indenture”), as amended by Amendment No. 1, dated as of December 19, 2025 (“Amendment No. 1 to the Base Indenture”), by and among the Issuer, the Indenture Trustee, the Servicer, the Administrator, and the Administrative Agent. Amendment No. 1 to the Base Indenture amends the definition of “Borrowing Base Deficiency” among other items. Pursuant to the Series 2025-FT1 Indenture Supplement, the Issuer issued Series 2025-FT1 term notes (the “Notes”) in the aggregate principal amount of $200 million. The Notes are mainly secured by a participation certificate representing a participation interest in the portfolio excess spread relating to Fannie Mae mortgage servicing rights owned by the Company. The Notes are priced at a variable rate based on SOFR plus a margin per annum and are expected to mature on December 19, 2030. The Notes will be paid on the 25th day of each calendar month, or, if such 25th day is not a business day, the next business day.
The Issuer sold the Notes to the initial purchaser in an offering (the “Offering”) that was exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes were offered for resale to purchasers reasonably believed by the initial purchaser to be “qualified institutional buyers” as defined in Rule 144A under the Securities Act.
The foregoing descriptions do not purport to be complete and are qualified in their entirety by reference to the full text of the Base Indenture, Amendment No. 1 to the Base Indenture and the Series 2025-FT1 Indenture Supplement, copies of which are attached hereto as Exhibits 10.1, 10.1.1 and 10.1.2, respectively, and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
All information set forth in Item 1.01 of this Form 8-K is incorporated by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | ||||
| 10.1# | |||||
| 10.1.1*# | |||||
| 10.1.2*# | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
# Certain portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K.
* Filed herewith
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
loanDepot, Inc. | ||||||||
By: | /s/ David Hayes | |||||||
Name: David Hayes | ||||||||
Title: Chief Financial Officer | ||||||||
Date: December 23, 2025