secwatch.observer — SEC 8-K summary
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Issuer:     Walker & Dunlop, Inc. (WD)
CIK:        0001497770
Form:       8-K
Filed at:   2025-03-14T23:59:59+00:00
Accession:  0001104659-25-023966
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Walker & Dunlop issues $400M 6.625% senior notes due 2033, refinances term loan
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- Issued $400M aggregate principal amount of senior unsecured notes due April 1, 2033, bearing interest at 6.625% per annum.
- Entered amended and restated credit agreement providing $450M term loan maturing March 14, 2032, and $50M revolving credit facility maturing March 14, 2028.
- Proceeds used to refinance and reduce the prior $800M term loan and for general corporate purposes.
- Notes are guaranteed on a senior unsecured basis by certain subsidiaries; contain change of control repurchase at 101%.
- Credit agreement includes financial covenant requiring Asset Coverage Ratio not less than 1.50 to 1.00, tested quarterly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1497770/000110465925023966/0001104659-25-023966-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1497770/000110465925023966/tm258986d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-023966

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