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Walker & Dunlop Announces Plans to Refinance, Upsize BofA-Led Credit Facility

October 18, 2018, 07:00 AM
Filed Under: Real Estate

Walker & Dunlop, Inc. announced that it plans to refinance its senior secured term loan and upsize the aggregate principal amount to $250 million.

The proceeds will be used to fund the repayment of Walker & Dunlop's existing term loan that was closed in December 2013 and for general corporate purposes, including strategic growth opportunities. The transaction is expected to close in early November 2018, subject to market and other customary conditions.

According to an 8K filing the credit facility was arranged by Wells Fargo and agented by Bank of America.

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