Walker & Dunlop Amends Repurchase Agreement with JPMorgan Chase

Walker & Dunlop, Inc.

Amendment No. 5 dated Dec 29, 2022 modifies total indebtedness to tangible net worth ratio to not more than 3.00 to 1.00.
Redefines 'Total Indebtedness' to exclude Fannie Mae guaranty obligations, agency warehouse facilities, securitized debt, contingent earnout payments, and tax credit equity commitments.
Company continues to guarantee subsidiary's obligations under the amended Repurchase Agreement.
No default or event of default occurred, and Seller waives any claims against Buyer as of the effective date.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Walker & Dunlop, Inc. amended Amendment No. 5 to Master Repurchase Agreement with JPMorgan Chase Bank, N.A. (effective 2022-12-29).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Effective: 2022-12-29

Exact text from the filing

On December 29, 2022, Walker & Dunlop, Inc. (the “ Company ”) and Walker & Dunlop, LLC, the operating subsidiary of the Company (the “ Seller ”), entered into Amendment No. 5 to Master Repurchase Agreement (the “ Amendment ”) with JPMorgan Chase Bank, N.A. (the “ Buyer ”).

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Walker & Dunlop, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-000902

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