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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): March 7, 2025

 

Walker & Dunlop, Inc.

(Exact name of registrant as specified in its charter)

 

Maryland   001-35000   80-0629925

(State or other Jurisdiction of Incorporation)

  (Commission File Number)   (IRS Employer Identification No.)

 

7272 Wisconsin Avenue, Suite 1300

Bethesda, MD

  20814

(Address of Principal Executive Offices)

  (Zip Code)

 

Registrant’s telephone number, including area code: (301) 215-5500

 

Not applicable

(Former name or former address if changed since last report.)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading
Symbol
Name of each exchange on which
registered
Common Stock, $0.01 Par Value Per Share WD New York Stock Exchange

  

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

¨Emerging growth company

 

¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 8.01. Other Events.

 

On March 7, 2025, Walker & Dunlop, Inc. (the “Company”) issued a press release announcing that it has priced its amended and restated senior secured credit agreement (the “Credit Agreement”). The $450 million term loan facility under the Credit Agreement will initially bear interest at a rate equal to SOFR plus 2.00%. Following the first full fiscal quarter ending after the closing date, the applicable interest margin on the term loan facility will be reduced by 0.25% if the Company’s total leverage ratio is equal to or less than 2.00 to 1.00, as defined in the Credit Agreement. The Credit Agreement will also include a three-year $50 million revolving credit facility that will bear interest at a rate equal to SOFR plus 1.75%. The closing of the Credit Agreement is expected to occur on March 14, 2025, subject to market and other customary conditions.

 

A copy of the press release is attached hereto as Exhibit 99.1 and is hereby incorporated by reference into this Item 8.01.

 

Item 9.01. Financial Statements and Exhibits. 

 

(d) Exhibits.

 

Exhibit
Number
  Description
99.1   Press Release dated March 7, 2025
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    Walker & Dunlop, Inc.
    (Registrant)
     
Date: March 7, 2025 By:  /s/ Gregory A. Florkowski
    Gregory A. Florkowski
Executive Vice President and Chief Financial Officer

 

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