debt
confidence high
sentiment neutral
materiality 0.65
Walker & Dunlop launches $400M senior notes offering and amends term loan
Walker & Dunlop, Inc.
- Offers $400M of senior unsecured notes due 2033 in private placement exempt from SEC registration.
- Concurrently amends senior secured term loan: reduces outstanding to $450M, extends maturity to 2032.
- New three-year $50M revolving credit facility included in the amended term loan agreement.
- Proceeds to reduce existing term loan principal and accrued interest, plus fees and general corporate purposes.
- Closing subject to market and other customary conditions.