Newmark upsizes revolver to $600M, extends maturity to 2025, improves pricing

NEWMARK GROUP, INC.

Revolving credit facility increased from $465M to $600M.
Maturity extended to March 10, 2025 (prior facility matured Feb 26, 2023).
Initial pricing: Term SOFR +1.50%; previously LIBOR +1.75%.
Facility effective March 10, 2022; proceeds for general corporate purposes.
Bank of America N.A. remains Administrative Agent; BofA Securities lead arranger.

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