debt
confidence high
sentiment neutral
materiality 0.60
Newmark closes $600M 7.500% senior notes offering due 2029
NEWMARK GROUP, INC.
- Closed offering of $600M 7.500% senior notes due January 12, 2029.
- Net proceeds of ~$594.7M used to repay $420M term loan and other debt.
- Majority stockholder Cantor Fitzgerald purchased $125M of the notes.
- Interest at 7.500% payable semi-annually; first payment July 12, 2024.