November 16, 2017
Walker & Dunlop announced today that it has completed a repricing of its senior secured term loan, reducing the spread to 300 basis points over 30-day LIBOR from 425 basis points over 30-day LIBOR. The reduction in the interest rate will result in annual savings of approximately $2 million. The outstanding principal balance of Walker & Dunlop’s term loan was $166.5 million as of September 30, 2017. There are no other significant changes to the debt or its related covenants as a result of the amendment.