, Dec. 20, 2013 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) (the "Company") announced today that it has closed on a
institutional senior secured seven-year term loan. The term loan amortizes at a rate of 1.00 percent per year and bears interest at LIBOR plus 4.50 percent, subject to a LIBOR floor of 1.00 percent. Wells
serves as Administrative Agent.
Proceeds from the offering will be used to repay the Company's existing senior credit facility, fund strategic growth opportunities, opportunistically repurchase stock and for general corporate purposes.
Walker & Dunlop
Through its subsidiary
Walker & Dunlop, LLC
, Walker & Dunlop, Inc. (NYSE: WD) is one of the leading commercial real estate finance companies in the
, 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
, 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 and equity, including bridge financing. Walker & Dunlop, LLC has more than 400 employees located in 21 offices nationwide. For more information about the Company, please visit
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Forward Looking Statements
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