loanDepot restates credit agreement for $450 million six-month revolver

By Wendy Van Sickle

Columbus, Ohio, July 7 – loanDepot.com, LLC, an indirect subsidiary of loanDepot, Inc., amended and restated its credit and security agreements with Flagstar Bank, NA as administrative agent on June 30 to provide for a $450 million revolving line of credit with a termination date of Dec. 20, 2023, according to an 8-K filing with the Securities and Exchange Commission.

The company has a $150 million accordion feature.

The credit facility amends and restates a credit and security agreement dated Dec. 22, 2021 that originally had Signature Bank as administrative agent.

loanDepot is an Irvine, Calif.-based online mortgage platform.

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