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LoanDepot Says 96% of Old Notes Due 2025 Exchanged for New Notes Due 2027
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LoanDepot Says 96% of Old Notes Due 2025 Exchanged for New Notes Due 2027
Jun 20, 2024 4:30 AM

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.

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