NEW YORK - Newmark Group , Inc. (NASDAQ:NMRK), a commercial real estate advisory firm, announced today its plans to issue senior unsecured notes, with the offering contingent on market conditions and other factors. The company aims to use the net proceeds primarily to repay a portion of its $420.0 million term loan. Remaining funds would be allocated to repaying revolving debt, including under the company's credit agreement with Cantor Fitzgerald, L.P., and for other general corporate purposes.
The proposed notes will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and will be offered in a private placement exempt from registration requirements. Consequently, the notes cannot be sold in the United States without registration or an exemption from registration requirements.
This news is based on a press release statement from Newmark Group, Inc., and does not constitute an offer to sell or a solicitation to buy any securities.
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