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Under stress, loanDepot 'buys time' with plan to extend $500M debt

The lender plans to extend its $497.8 million in senior notes due in Q4 2025 at a lower maturity and a higher interest rate. ....

Jake Katsikas , Eric Hagen , Warren Kornfeld , Exchange Commission , Artemis Management , Ald Holdings Group , Rithm Capital ,

Loandepot extends maturity for $497 million debt

The lender and servicer, coming off multiple consecutive quarters of net losses, has to pay significantly higher interest rates for an additional two year term for this debt. ....

David Hayes , Exchange Commission , Artemis Management , Rithm Capital ,