LoanDepot Says 96% of Old Notes Due 2025 Exchanged for New Notes Due 2027

MT Newswires Live06-20

LoanDepot (LDI) said Thursday about 96% of its outstanding 6.500% notes due 2025 were exchanged for newly issued 8.750% senior secured notes due 2027 in response to a company offer.

LoanDepot said it will pay cash of about $185 million and issue new notes for $340.6 million in exchange for the tendered notes.

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