BETHESDA, Md., Oct. 5, 2021 /PRNewswire/ -- Walker &
Dunlop, Inc. (NYSE: WD) today announced plans to refinance its
senior secured term loan and increase the aggregate principal
amount to $600 million. The company
will use the proceeds from the loan to fund repayment of its
existing senior secured term loan and to fund its pending
acquisition of Alliant Capital. The new loan is expected to have
conventional terms for this type of financing and is anticipated to
close in November 2021, subject to
market and other customary conditions. The company expects to
receive ratings from Standard & Poor's and Moody's Investors
Services related to this transaction.
About Walker & Dunlop
Walker & Dunlop (NYSE: WD) is the largest provider of
capital to the multifamily industry in the United States and the fourth largest
lender on all commercial real estate including industrial, office,
retail, and hospitality. Walker & Dunlop enables real estate
owners and operators to bring their visions of communities — where
Americans live, work, shop, and play — to life. The power of our
people, premier brand, and industry-leading technology enables us
to meet any client need – including financing, research, property
sales, valuation, and advisory services. With over 1,000 employees
across every major U.S. market, Walker & Dunlop has
consistently been named one of Fortune's Great Places to Work® and
is committed to making the commercial real estate industry more
inclusive and diverse while creating meaningful social,
environmental, and economic change in our communities.
Forward Looking Statements
The statements regarding the expected amount, terms of and
anticipated closing date for the loan contained in this press
release may constitute forward-looking statements within the
meaning of the federal securities laws.
These 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 such statement.
While the 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: (1) general economic
conditions and multifamily and commercial real estate market
conditions, (2) regulatory and/or legislative changes to Freddie
Mac, Fannie Mae or HUD, and (3) any significant delays in
receiving, or our ability to ultimately obtain, the required
third-party consents to close the loan.
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
and any updates or supplements in subsequent 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.
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SOURCE Walker & Dunlop, Inc.