Walker & Dunlop refinances $198M of term loans, cuts interest spread by 75 bps

Walker & Dunlop, Inc.

Refinanced $198M of Incremental Term B Loans (Term SOFR + 3.00%) with new Initial Term Loans at Term SOFR + 2.25%.
Amendment No. 2 dated May 22, 2024, with JPMorgan Chase as administrative agent and additional lender.
New loans are fungible with existing Initial Term Loans; non-converted loans repaid with proceeds from additional commitment.
Upfront fee of 0.125% paid to converting lenders; all conditions satisfied effective May 22, 2024.
Annual interest savings of about $1.5M on refinanced amount (75 bps × $198M).

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