# EDGAR Filing Document

**Accession Number:** 0001821160
**File Stem:** 0000902664-25-002767
**Filing Date:** 2025-6
**Character Count:** 12031
**Document Hash:** 863943497fd8cf8ce5d7de73560479dd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000902664-25-002767.hdr.sgml**: 20250620

**ACCESSION NUMBER**: 0000902664-25-002767

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250620

**DATE AS OF CHANGE**: 20250620

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Guild Holdings Co
- **CENTRAL INDEX KEY:** 0001821160
- **STANDARD INDUSTRIAL CLASSIFICATION:** MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 852453154
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91864
- **FILM NUMBER:** 251061968

**BUSINESS ADDRESS:**
- **STREET 1:** 5887 COPLEY DRIVE
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92111
- **BUSINESS PHONE:** (858) 956-5130

**MAIL ADDRESS:**
- **STREET 1:** 5887 COPLEY DRIVE
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92111
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bayview Asset Management, LLC
- **CENTRAL INDEX KEY:** 0001767366

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 4425 PONCE DE LEON BLVD.
- **CITY:** CORAL GABLES
- **STATE:** FL
- **ZIP:** 33146
- **BUSINESS PHONE:** (305) 854-8880

**MAIL ADDRESS:**
- **STREET 1:** 4425 PONCE DE LEON BLVD.
- **CITY:** CORAL GABLES
- **STATE:** FL
- **ZIP:** 33146

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Guild Holdings Co**

*(Name of Issuer)*

**Class A Common Stock, par value $0.01 per share**

*(Title of Class of Securities)*

**40172N107**

*(CUSIP Number)*

**Carlos Portugal**<br>Bayview Asset Management, LLC<br>4425 Ponce de Leon Blvd.<br>Coral Gables FL 33146<br>305-854-8880

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/17/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **40172N107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Bayview MSR Opportunity Master Fund, L.P.** | Name of reporting person<br>**Bayview MSR Opportunity Master Fund, L.P.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**CAYMAN ISLANDS** | Citizenship or place of organization<br>**CAYMAN ISLANDS** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1457647.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1457647.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1457647.00** | Aggregate amount beneficially owned by each reporting person<br>**1457647.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.7%** | Percent of class represented by amount in Row (11)<br>**6.7%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**PN** | Type of Reporting Person (See Instructions)<br>**PN** | |

---

| **CUSIP No.** | **40172N107** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Bayview Asset Management, LLC** | Name of reporting person<br>**Bayview Asset Management, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[ ] (a)<br>[x] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**AF** | Source of funds (See Instructions)<br>**AF** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**1595844.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**1595844.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**1595844.00** | Aggregate amount beneficially owned by each reporting person<br>**1595844.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.3%** | Percent of class represented by amount in Row (11)<br>**7.3%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Common Stock, par value $0.01 per share

**(b) Name of Issuer:**
Guild Holdings Co

**(c) Address of Issuer's Principal Executive Offices:**
5887 Copley Drive, San Diego, CA, 92111

This Amendment No. 1 (this "Amendment No. 1") to Schedule 13D amends and supplements the Schedule 13D filed on May 23, 2025 (the "Original 13D Filing") by Bayview Asset Management, LLC ("Bayview") and Bayview MSR Opportunity Master Fund, L.P. (together, the "Reporting Persons"), and relates to the shares of Class A common stock, par value $0.01 per share (the "Class A Common Stock" and together with the Class B common stock, par value $0.01 per share, of the Issuer (the "Common Stock")) of Guild Holdings Company, a Delaware corporation (the "Issuer" or the "Company"). Except as set forth herein, this Amendment No. 1 does not modify any of the information previously reported in the Original Schedule 13D. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Original Schedule 13D.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and supplemented as follows:

Merger Agreement

On June 17, 2025, the investment committee of Bayview approved Gulf MSR Holdco, LLC ("Parent") and Gulf MSR Merger Sub Corporation ("Merger Sub") entering into, and Parent and Merger Sub entered into an Agreement and Plan of Merger (the "Merger Agreement") with the Issuer, pursuant to which, subject to the terms and conditions of the Merger Agreement, Parent will acquire the Issuer by merger (the "Merger").  Each of Parent and Merger Sub are indirect wholly owned subsidiaries of Bayview MSR Opportunity Master Fund, L.P. and Bayview MSR Opportunity Master Fund, L.P. has committed to provide equity financing to Parent for purposes of funding payment of the Merger Consideration (described below), subject to the terms and conditions of the Equity Commitment Letter (as defined in the Merger Agreement).

At the closing of the transactions contemplated by the Merger Agreement (the "Closing"), each outstanding share of Common Stock will be converted into the right to receive $20.00 (the "Merger Consideration"), other than the shares of the Class A Common Stock currently held by Bayview MSR Opportunity Master Fund, L.P.  In addition, the Board of Directors of the Issuer also intends to authorize a special cash dividend of up to $0.25 per share in 2025 (based on the Issuer's cash on hand) and, if the Closing is not consummated in 2025, quarterly cash dividends of up to $0.25 per share through the consummation of the Closing. The payment of any dividends will not result in an adjustment to the $20.00 per share Merger Consideration.

The Closing is conditioned on obtaining requisite approval of the stockholders of the Issuer (the "Stockholder Approval") and other customary closing conditions.  The Stockholder Approval was obtained promptly after execution of the Merger Agreement when McCarthy Capital Mortgage Investors, LLC ("MCMI"), in its capacity as holder of 40,333,019 shares of the Class B common stock, par value $0.01 per share ("Class B Common Stock"), of the Issuer, executed and delivered to the Issuer a written consent adopting the Merger Agreement (the "Written Consent").

If the Merger is consummated, the Common Stock will be delisted from The New York Stock Exchange and will cease to be registered under the Securities Exchange Act of 1934, as amended (the "Act"), and the Issuer will be wholly-owned by Parent.

The foregoing description of the Merger Agreement is qualified in its entirety by reference to the full text of the Merger Agreement, a copy of which is included as Exhibit 99.2 herein and incorporated herein by reference.

Support Agreement

As a condition and inducement to Parent's willingness to enter into the Merger Agreement, on June 17, 2025, Parent, the Issuer and MCMI entered into a support agreement (the "Support Agreement"), pursuant to which, among other things, MCMI agreed to (a) execute and deliver the Written Consent promptly after execution of the Merger Agreement and (b) not transfer any shares of Common Stock held by MCMI (subject to customary exceptions).  MCMI (and, pursuant to a separate side letter,  McCarthy Partners Management, LLC) have also agreed to not solicit any competing Acquisition Proposal (as such term is defined in the Merger Agreement) and be subject to the other customary "no shop" restrictions set forth in the Merger Agreement.  The Support Agreement will automatically terminate upon the occurrence of certain events, including a termination of the Merger Agreement.

The foregoing description of the Support Agreement is qualified in its entirety by reference to the full text of the Support Agreement, a copy of which is included as Exhibit 99.3 herein and incorporated herein by reference.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

Item 4 of this Amendment No. 1 is incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Bayview MSR Opportunity Master Fund, L.P.

**Signature:** /s/ Carlos M. Portugal

**Name/Title:** By: Bayview Capital GP MSR, LLC, its General Partner, By: Carlos M. Portugal, Senior Vice President

**Date:** 06/20/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Bayview Asset Management, LLC

**Signature:** /s/ Carlos M. Portugal

**Name/Title:** Carlos M. Portugal, Senior Vice President

**Date:** 06/20/2025