debt
confidence high
sentiment neutral
materiality 0.55
Walker & Dunlop prices $450M term loan at SOFR+2.00%, $50M revolver at SOFR+1.75%
Walker & Dunlop, Inc.
- $450M term loan initially bears SOFR+2.00%; margin steps down 25bps if leverage ratio ≤2.00x.
- $50M revolving credit facility priced at SOFR+1.75% with a three-year term.
- J.P. Morgan serves as administrative agent and lead arranger; Bank of America co-provides revolver.
- Closing expected March 14, 2025, subject to market and customary conditions.
- Proceeds to reduce existing senior secured term loan balance and pay fees/expenses.