secwatch.observer — SEC 8-K summary
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Issuer:     Walker & Dunlop, Inc. (WD)
CIK:        0001497770
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001104659-22-061381
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Walker & Dunlop amends credit facility; secures temporary $1.9B advance option from PNC
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- Twelfth amendment to warehousing credit agreement with PNC allows one-time Limited Bulge Advance up to $1.9B.
- Advance option available from May 12 to June 12, 2022; drawn amount increases credit limit for 60 days.
- Pricing for bulge advance set at 30-Day Average SOFR + 1.15%; standard pricing changed to Term SOFR + 1.30%.
- Limited Bulge Credit Limit capped at $2.9B; bulge commitment fee of 10 bps on drawn amount prorated daily.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497770/000110465922061381/0001104659-22-061381-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497770/000110465922061381/tm2215597d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-061381

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