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Prospect News home > News index > List of issuers L > Headlines for LD Holdings Group LLC > News item
Published on 10/21/2020 in the Prospect News High Yield Daily.

loanDepot to price $400 million five-year secured notes on Friday; initial talk 7%-7¼%

By Paul A. Harris

Portland, Ore., Oct. 21 – loanDepot plans to price a $400 million offering of five-year senior secured notes on Friday, according to a market source.

Initial talk has the deal coming to yield 7% to 7¼%.

J.P. Morgan Securities LLC is the lead.

The Rule 144A and Regulation S notes come with two years of call protection.

The issuing entity will be LD Holdings Group LLC.

The Foothill Ranch, Calif.-based supplier of mortgage and non-mortgage lending products plans to use the proceeds to repay its unsecured term loan and pay down its secured credit facilities.


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