Davis Polk advised Credit Suisse AG, as administrative agent, and Credit Suisse Securities (USA) LLC, as lead arranger, in connection with an amendment to Walter Investment Management Corp.’s existing first-lien senior secured credit facility, which amendment provided for an increase in the size of Walter Investment’s revolving credit facility from $45 million to $100 million.
Based in Tampa, Florida, Walter Investment is an asset manager, mortgage servicer and mortgage portfolio owner specializing in less-than-prime, non-conforming and other credit-challenged mortgage assets. Walter Investment also provides fee-based business services offering high-touch, third-party servicing of credit-sensitive consumer loans.
The Davis Polk credit team included partner Sartaj Gill and associates Michael J.S. Moran, Jack Leo, Kyle D. Bady and law clerk Nathan Scott Gimpel. Sonya Jackman was the legal assistant on the transaction. All members of the Davis Polk team are based in the New York office.
