loanDepot, Inc. (NYSE: LDI) (together with its subsidiaries, "loanDepot" or the "Company"), a leading provider of products and services that power the homeownership journey, today announced that it has completed the private offering of secured term notes (the “Notes”) in an aggregate principal amount of $200 million issued by the Company’s indirect subsidiary, loanDepot GMSR Master Trust (the “Issuer”). The Notes are secured by certain assets of the Issuer, including portfolio excess spread relating to mortgage servicing rights on mortgage loans underlying certain mortgage-backed securities guaranteed by Ginnie Mae.

The Notes are variable rate based on SOFR plus a margin and mature on May 16, 2030, or, if maturity is extended, on May 17, 2032. Proceeds of the issuance, net of fees, were used to redeem the Series 2018-GT1 Term Notes previously issued by the Issuer and due to mature in October 2025.

Nomura Securities International, Inc. (“Nomura”) served as the manager and the initial purchaser. Alston & Bird LLP represented loanDepot as Issuer’s counsel.

“I am very pleased with the attractive terms and successful execution of this transaction, which highlights the strength and breadth of loanDepot’s financing strategy and attractive capital raising alternatives, including strong relationships with a leading investment bank like Nomura,” said loanDepot’s Chief Financial Officer David Hayes. “Nomura with their strength and experience in securitized products, has been an important strategic partner of loanDepot and we are pleased to have them lead this transaction.”

“We are excited to be a long-standing partner with loanDepot. Our flexible capital and extensive structuring capabilities provide creative solutions for our partners as well as differentiated asset-based finance investments for our clients,” said Sanil Patel, Global Head, Mortgage Structured Lending, Nomura Securities International.

The Notes will not be registered under the Securities Act of 1933 (the “Securities Act”) or offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. This press release is an announcement of record only and shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

For more information about loanDepot, please visit the Company's investor relations website: investors.loandepot.com.

About loanDepot:

At loanDepot (NYSE: LDI), we know home means everything. That’s why we are on a mission to support homeowners with a suite of products and services that fuel the American Dream. Our portfolio of digital-first home purchase, home refinance and home equity lending products make homeownership more accessible, achievable, and rewarding, especially for the increasingly diverse communities of first-time homebuyers we serve. Headquartered in Southern California with local market offices nationwide, loanDepot and its sister real estate and home services company, mellohome, are dedicated to helping customers put down roots and bring dreams to life – all while building stronger communities and a better tomorrow.

Forward-Looking Statements

This press release and related management commentary contain, and responses to investor questions may contain, forward-looking statements that can be identified by the fact that they do not relate strictly to historical or current facts and may contain the words “outlook,” “believe,” “anticipate,” “expect,” “future,” “guidance,” “target,” “intend,” “plan,” “goal,” “predict,” “estimate,” “potential,” “project,” “seek,” “will be,” “will continue,” “will likely result,” or other similar words and phrases or future or conditional verbs such as “shall,” “will,” “may,” “might,” “should,” “would,” or “could” and the negatives of those terms or other comparable words. Examples of forward-looking statements include, but are not limited to, statements about the use of proceeds, treatment of the Notes, financing strategies, and capital raising.

These forward-looking statements are based on current available operating, financial, economic and other information, and are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict and which are detailed in the "Risk Factors" section of loanDepot, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2024, as well as any subsequent filings with the Securities and Exchange Commission. Therefore, current plans, anticipated actions, and future results may differ materially from what is expressed or forecasted in any forward-looking statement. loanDepot’s forward-looking statements speak only as of the date of this communication or as of the date they are made. loanDepot does not undertake any obligation to publicly update or revise any forward-looking statement to reflect future events or circumstances, except as required by applicable law.

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"I am very pleased with the attractive terms and successful execution of this transaction, which highlights the strength and breadth of loanDepot’s financing strategy and attractive capital raising alternatives," said David Hayes.