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loanDepot extends $300 million revolving credit line to 2023
By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – loanDepot.com, LLC, an indirect subsidiary of loanDepot, Inc., entered into an amendment to its credit and security agreement on Dec. 20 with Signature Bank as administrative agent to extend the termination date of the $300 million revolving line of credit to Dec. 20, 2023, according to an 8-K filing with the Securities and Exchange Commission.
The company still has the option to increase the credit line to up to $500 million.
loanDepot is a Foothill Ranch, Calif.-based online mortgage platform.
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