secwatch.observer — SEC 8-K summary
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Issuer:     Walker & Dunlop, Inc. (WD)
CIK:        0001497770
Form:       8-K
Filed at:   2024-05-24T23:59:59+00:00
Accession:  0001104659-24-065147
Event type: debt
Sentiment:  positive
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497770/000110465924065147/0001104659-24-065147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497770/000110465924065147/tm2415435d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-065147

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