debt
confidence high
sentiment neutral
materiality 0.55
Newmark prices $600M of 7.500% senior notes due 2029 to repay term loan
NEWMARK GROUP, INC.
- $600M aggregate principal of 7.500% senior unsecured notes due Jan 12, 2029.
- Net proceeds to repay $420M term loan and other revolving debt; Cantor to purchase $125M.
- Interest paid semi-annually at 7.500%; closing expected Jan 12, 2024.
- Offering is private, exempt from registration under Securities Act.