Walker & Dunlop Files 8-K for Material Definitive Agreement

TL;DR

WALK filed an 8-K for a new material definitive agreement, details to follow.

AI Summary

On April 11, 2024, Walker & Dunlop, Inc. entered into a Material Definitive Agreement related to a financial obligation. The company, incorporated in Maryland, filed this 8-K report to disclose this event. The filing does not specify the exact nature of the agreement or the financial amounts involved.

Why It Matters

This filing indicates a significant new financial commitment or agreement for Walker & Dunlop, Inc., which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial implications that require further investigation.

Key Players & Entities

• Walker & Dunlop, Inc. (company) — Registrant
• Maryland (jurisdiction) — State of incorporation
• April 11, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — e on which registered Common Stock, $0.01 Par Value Per Share WD New York Stock

Filing Documents

• tm2411662d1_8k.htm (8-K) — 27KB
• tm2411662d1_ex10-1.htm (EX-10.1) — 23KB
• 0001104659-24-046798.txt ( ) — 224KB
• wd-20240411.xsd (EX-101.SCH) — 3KB
• wd-20240411_lab.xml (EX-101.LAB) — 33KB
• wd-20240411_pre.xml (EX-101.PRE) — 22KB
• tm2411662d1_8k_htm.xml (XML) — 4KB

01. Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive Agreement. On April 11, 2024, Walker & Dunlop, Inc. (the " Company ") and Walker & Dunlop, LLC, the operating subsidiary of the Company (the " Borrower "), entered into the Fourteenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement (the " Amendment ") with PNC Bank, National Association, as Lender (" PNC "). The Amendment amends that certain Second Amended and Restated Warehousing Credit and Security Agreement, dated as of September 11, 2017, as previously amended (the " Warehousing Agreement "), by and among the Borrower, the Company and PNC to, among other things, extend the maturity date of the Warehousing Agreement to April 11, 2025. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K. PNC and its affiliates have various relationships with the Company and its affiliates involving the provision of financial services, including cash management, trust and other services. In addition, affiliates of the Company have entered into forward delivery commitments and other derivative arrangements in the ordinary course of business with PNC and its affiliates.

03. Creation of a Direct Financial Obligation

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit Number Description 10.1 Fourteenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement, dated as of April 11, 2024, by and among Walker & Dunlop, LLC, Walker & Dunlop, Inc. and PNC Bank, National Association, as Lender. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

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: April 12, 2024 By: /s/ Richard M. Lucas Name: Richard M. Lucas Title: Executive Vice President, General Counsel & Secretary

View Full Filing

View this 8-K filing on SEC EDGAR