BETHESDA, Md., Oct. 17, 2018 /PRNewswire/ -- Walker &
Dunlop, Inc. announced today 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.
About Walker & Dunlop
Walker & Dunlop (NYSE:
WD), headquartered in Bethesda,
Maryland, is one of the largest commercial real estate
services and finance companies in the
United States providing financing and investment
sales to owners of multifamily and commercial properties.
Walker & Dunlop, which is included in the S&P SmallCap 600
Index, has over 650 professionals in 29 offices across the nation
with an unyielding commitment to client satisfaction.
Forward Looking Statements
The statements contained in this press release regarding the
planned refinancing and its expected closing date constitute
forward-looking statements within the meaning of the federal
securities laws.
The forward-looking statements reflect our current views about
future events and are subject to numerous known and unknown risks,
uncertainties, assumptions and changes in circumstances that may
cause actual results to differ significantly from those expressed
or contemplated in any forward-looking statement.
While the forward-looking statements reflect our good faith
projections, assumptions and expectations, they are not guarantees
of future results. Furthermore, we disclaim any obligation to
publicly update or revise any forward-looking statement to reflect
changes in underlying assumptions or factors, new information, data
or methods, future events or other changes, except as required by
applicable law. Factors that could cause our results to differ
materially include, but are not limited to a downturn in general
economic conditions or in the multifamily and commercial real
estate markets.
For a further discussion of these and other factors that could
cause future results to differ materially from those expressed or
contemplated in any forward-looking statements, see the section
titled ''Risk Factors" in our most recent Annual Report on Form
10-K, as it may be updated or supplemented by our Quarterly Reports
on Form 10-Q and our other filings with the SEC. Such filings
are available publicly on our Investor Relations web page
at www.walkerdunlop.com.
View original
content:http://www.prnewswire.com/news-releases/walker--dunlop-to-refinance-senior-secured-term-loan-300733209.html
SOURCE Walker & Dunlop, Inc.