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.
Source: housingwire.com
Artemis Management News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from Artemis Management. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In Artemis Management Today - Breaking & Trending Today
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.
Source: nationalmortgagenews.com