secwatch.observer — SEC 8-K summary
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Issuer:     NEWMARK GROUP, INC. (NMRK)
CIK:        0001690680
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001193125-23-301231
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newmark amends Cantor credit agreement; borrows $130M at 6.71% to repay bank facility
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- First Amendment allows Newmark to borrow up to $150M from Cantor at RCF rate minus 25 bps until Apr 15, 2024.
- Newmark draws $130M on Dec 20, 2023, closing Dec 22, to repay the $130M balance under the $600M Credit Facility.
- Consent from DDTL lenders allows Cantor debt without triggering mandatory prepayment.
- As of Dec 20, total senior debt $550M ($420M term loan under DDTL + $130M drawn under Credit Facility).
- Cantor may demand repayment of Newmark Revolving Loans on 3 business days’ notice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1690680/000119312523301231/0001193125-23-301231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1690680/000119312523301231/d468647d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-301231

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