Walker & Dunlop to launch $175 million term loan B on Friday

By Sara Rosenberg

New York, Nov. 21 - Walker & Dunlop is set to hold a bank meeting on Friday to launch a $175 million seven-year term loan B that is talked at Libor plus 450 basis points with a 1% Libor floor and an original issue discount of 99, according to a market source.

The term loan B has 101 soft call protection for six months, the source said.

All-in yield is 5¾%.

Wells Fargo Securities LLC is the lead bank on the deal.

Proceeds will be used for general corporate purposes, the source added.

Commitments are due on Dec. 6.

Walker & Dunlop is a Bethesda, Md.-based provider of commercial real estate financial services.

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