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): October 31, 2016
Walker & Dunlop, Inc.
(Exact name of registrant as specified in its charter)
Maryland |
|
001-35000 |
|
80-0629925 |
(State or other jurisdiction of |
|
(Commission File Number) |
|
(IRS Employer Identification No.) |
7501 Wisconsin Avenue |
|
20814 |
(Address of principal executive offices) |
|
(Zip Code) |
Registrants telephone number, including area code: (301) 215-5500
Not applicable
(Former name or former address if changed since last report.)
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01. Entry into a Material Definitive Agreement.
Bank of America Warehousing Agreement Temporary Commitment Increase
On October 31, 2016, Walker & Dunlop, LLC, an operating subsidiary of Walker & Dunlop, Inc., entered into a Twelfth Amendment to Warehousing Credit and Security Agreement (the Amendment) with Bank of America, N.A., as credit agent and lender (Bank of America). The Amendment amends that certain Warehousing Credit and Security Agreement, dated as of September 4, 2012, by and among Walker & Dunlop, LLC, Bank of America and the lenders party thereto (as amended from time to time, the Warehousing Agreement).
The Amendment, among other things, extends the expiration date of the Warehousing Agreement from October 31, 2016 to October 30, 2017. The Amendment also contains customary representations and warranties of Walker & Dunlop, LLC.
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.
Bank of America and its affiliates have various relationships with Walker & Dunlop, Inc. and its affiliates, involving the provision of financial services, including other credit facilities, cash management, investment banking, trust and other services.
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.
Item 9.01. Financial Statements and Exhibits.
Exhibit |
|
Description |
10.1 |
|
Twelfth Amendment to Warehousing Credit and Security Agreement, dated as of October 31, 2016, by and between Walker & Dunlop, LLC, as borrower, and Bank of America, N.A., as credit agent and lender. |
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. | ||
|
| ||
Date: November 1, 2016 |
By: |
/s/ Stephen P. Theobald | |
|
|
Name: |
Stephen P. Theobald |
|
|
Title: |
Executive Vice President, Chief Financial Officer & Treasurer |