Newmark launches exchange offer for up to $475M of 7.500% Senior Notes due 2029

NEWMARK GROUP, INC.

Exchange offer for up to $475M of outstanding 7.500% Senior Notes due 2029 for registered notes of same terms.
Old notes were $600M aggregate principal issued in January 2024 private offering; exchange expires July 10, 2024.
Controlling stockholder Cantor Fitzgerald holds $125M of old notes and will not participate in the exchange.
After exchange, Newmark intends to file shelf registration for Cantor to resell its $125M of old notes.
Exchange offer satisfies registration rights agreement; does not represent new financing transaction.

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