Newmark upsizes senior unsecured credit facility to $900M, extends maturity to 2030

NEWMARK GROUP, INC.

Facility increased 50% to $900M (from $600M); can be further increased to $1.1B subject to conditions.
Maturity extended to April 17, 2030 from prior April 26, 2027.
Borrowings bear interest at Term SOFR + 1.625% initially or base rate + 0.625%; illustrative rate ~5.27%.
BofA Securities acted as lead arranger; 12 other banks participated.
Proceeds to be used for general corporate purposes.

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