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Prospect News home > News index > List of issuers N > Headlines for Newmark Group, Inc. > News item
Published on 1/5/2024 in the Prospect News Bank Loan Daily, Prospect News High Yield Daily and Prospect News Investment Grade Daily.

Fitch rates Newmark notes BBB-

Fitch Ratings said it assigned a BBB- rating to Newmark Group, Inc.'s planned sale of up to $600 million of senior notes due 2029.

The agency affirmed Newmark’s BBB- ratings on Dec. 4.

Newmark will use the proceeds to repay its $420 million delayed-draw term loan. The rest will be used for general corporate purposes, mainly paydown of revolving credit facilities.

The outlook is stable.


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