loanDepot $500 million senior notes offering
10/28/2020

Davis Polk advised the representative of the initial purchasers in connection with the debut Rule 144A/Regulation S offering by LD Holdings Group LLC of $500 million aggregate principal amount of its 6.500% senior notes due 2025. The proceeds of the offering will be  used to repay indebtedness and for general corporate purposes.

Founded in 2010, loanDepot is a customer-centric and technology-enabled residential mortgage platform. Its operations currently consist of three different verticals: origination of conventional and government mortgage loans; servicing conventional and government mortgage loans; and providing a growing suite of ancillary services. To date, loanDepot has funded over $275 billion in mortgage loans and ranks as one of the nation’s largest retail mortgage originators and the second-largest nonbank retail mortgage originator overall.

The capital markets team included partners Michael Kaplan and Yasin Keshvargar and associates Joseph S. Payne and Amanda Rae Schwarzenbart. Partner Michael Farber and associate Talya Presser provided tax advice. Partner Margaret E. Tahyar and associate Greg Swanson provided financial institutions advice. Counsel Daniel F. Forester and associate Yana Kipnis provided intellectual property advice. All members of the Davis Polk team are based in the New York office.