loanDepot parent to repay borrowings with $400 million note proceeds

By Taylor Fox

New York, Oct. 21 – LD Holdings Group LLC plans to repay the borrowings under its unsecured term loan and to pay down a portion of its secured credit facilities using proceeds from its private offering of $400 million senior secured notes, according to a news release.

The notes will be guaranteed by subsidiaries loanDepot.com, LLC, Artemis Management LLC, LD Settlement Services, LLC and mello Holdings, LLC.

The company is a private, independent retail mortgage lender based in Foothill Ranch, Calif.

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