Newmark Group to repay term loan, revolver via senior note proceeds

By Marisa Wong

Los Angeles, Jan. 5 – Newmark Group, Inc. intends to repay all or a portion of the $420 million outstanding under its term loan using proceeds from a private offering of senior notes, according to a press release.

Any additional proceeds from the new notes will be used to repay outstanding revolving debt, including borrowings under the company’s credit agreement with Cantor Fitzgerald, LP, and for general corporate purposes.

Newmark is a commercial real estate advisory and services firm based in New York.

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