---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-213085"
form_type: "8-K"
ticker: "NMRK"
cik: "0001690680"
company_name: "NEWMARK GROUP, INC."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:29:01.085745+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Newmark enters $420M delayed draw term loan to repay $550M Senior Notes due Nov 2023

## Summary
- Delayed Draw Term Loan of $420M (upsizable to $550M) matures Nov 15, 2026; initial all-in rate ~7.9% (SOFR + 2.625%).
- Proceeds will repay $550M 6.125% Senior Notes due November 15, 2023.
- Company expects $300-350M cash from operations this year and has $600M revolver maturing March 2025.
- CFO Rispoli: combined capital sufficient to refinance Senior Notes and invest in business.
- BofA Securities acted as lead arranger; Citizens, Fifth Third, PNC, Regions, U.S. Bank, Wells Fargo as joint lead arrangers.

## SEC filing metadata
- accession: 0001193125-23-213085
- form_type: 8-K
- ticker: NMRK
- cik: 0001690680
- company_name: NEWMARK GROUP, INC.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 8.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1690680/000119312523213085/0001193125-23-213085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690680/000119312523213085/d541428d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-213085
- JSON: https://secwatch.observer/filing/0001193125-23-213085.json
- Plain text: https://secwatch.observer/filing/0001193125-23-213085.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.