Walker & Dunlop (WD) said Monday it intends to offer $400 million in senior unsecured notes due 2033 through a private placement.
In conjunction with the notes offering, the company said it plans to amend and restate its senior secured term loan agreement, reducing the outstanding loans to $450 million, extending the maturity date to 2032, and adding a three-year $50 million revolving credit facility.
The company said proceeds from the offering will pay down the existing senior secured term loan, cover related fees and expenses, and for general corporate purposes.
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