BETHESDA, Md., Oct. 1, 2013 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) ("the Company") announced today plans to enter into an institutional senior secured term loan with an aggregate principal amount between $150 and $200 million to fund repayment of its existing senior credit facility and for general corporate purposes, including strategic growth opportunities. The facility is expected to have terms that are customary for this type of financing, and is expected to close in October 2013, subject to market and other customary conditions. The Company expects to receive ratings from Standard & Poor's and Moody's Investors Service related to this transaction.
About Walker & DunlopThrough its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. (NYSE: WD) is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS®, Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups are focused on lending to property owners, investors, and developers of multifamily properties across the country. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States, securing capital from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Proprietary Capital group develops new financial products and provides institutional advisory, asset management, and investment management services with respect to debt, structured debt and equity, including interim financing. Walker & Dunlop, LLC has over 400 employees located in 20 offices nationwide. More information about the Company can be found at www.walkerdunlop.com.
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