Walker & Dunlop Inc filed SEC Form 8-K: Other Events, Financial Statements and Exhibits
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Item 8.01. Other Events.
On March 7, 2025, Walker & Dunlop, Inc. (the “Company”) issued a press release announcing that it has priced its amended and restated senior secured credit agreement (the “Credit Agreement”). The $450 million term loan facility under the Credit Agreement will initially bear interest at a rate equal to SOFR plus 2.00%. Following the first full fiscal quarter ending after the closing date, the applicable interest margin on the term loan facility will be reduced by 0.25% if the Company’s total leverage ratio is equal to or less than 2.00 to 1.00, as defined in the Credit Agreement. The Credit Agreement will also include a three-year $50 million revolving credit facility that will bear interest at a rate equal to SOFR plus 1.75%. The closing of the Credit Agreement is expected to occur on March 14, 2025, subject to market and other customary conditions.
A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference into this Item 8.01.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. |
| Exhibit Number |
Description | |
| 99.1 | Press Release dated March 7, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Walker & Dunlop, Inc. | ||
| (Registrant) | ||
| Date: March 7, 2025 | By: | /s/ Gregory A. Florkowski |
| Gregory A. Florkowski Executive Vice President and Chief Financial Officer |
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