Walker & Dunlop Inc filed SEC Form 8-K: Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation, Financial Statements and Exhibits
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Item 1.01. Entry into a Material Definitive Agreement.
On March 2, 2026, Walker & Dunlop, Inc. (the “Company”) and Walker & Dunlop, LLC, the operating subsidiary of the Company (the “Borrower”), entered into a Seventeenth 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, (i) extend the maturity date of the Warehousing Agreement to March 1, 2027, (ii) decrease the Bulge Commitment Fee (as such term is defined in the Amendment) and (iii) commencing on March 2, 2026 and continuing until May 1, 2026, grant the Borrower a temporary one-time right to request an advance in an amount of up to $2,500,000,000 (the “Limited Bulge Increase”). Upon disbursement of the Limited Bulge Increase, the current Warehousing Credit Limit (as such term is defined in the Warehousing Agreement) shall be increased by the amount of the Limited Bulge Increase (but in no event shall the Warehousing Credit Limit exceed the Limited Bulge Credit Limit, as such term is defined in the Amendment) until May 1, 2026, or such shorter period as determined by PNC in its discretion upon request by Borrower. The Company continues to guarantee the Borrower’s obligations under the Warehousing Agreement, as amended by the Amendment.
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.
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 Number |
Description |
| 10.1 | Seventeenth Amendment to Second Amended and Restated Warehousing Credit and Security Agreement, dated as of March 2, 2026, 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
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 4, 2026 | By: | /s/ Gregory A. Florkowski | |
| Name: | Gregory A. Florkowski | ||
| Title: | Executive Vice President and Chief Financial Officer | ||