07:11 AM EDT, 06/20/2024 (MT Newswires) -- 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 ( LDI ) said it will pay cash of about $185 million and issue new notes for $340.6 million in exchange for the tendered notes.