Newmark Announces Extension of Exchange Offer for its 7.500% Senior Notes Due 2029

Core Viewpoint - Newmark Group, Inc. has extended its exchange offer for up to $475 million of its outstanding 7.500% Senior Notes due 2029, allowing holders to exchange for registered notes under the Securities Act of 1933 [1][2] Company Overview - Newmark is a leading commercial real estate adviser and service provider, catering to large institutional investors, global corporations, and other owners and occupiers [1][3] - For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion and operated approximately 170 offices globally with 7,400 professionals [3] Exchange Offer Details - The exchange offer was initially set to expire on July 10, 2024, but has been extended to July 12, 2024 [5] - As of July 10, 2024, approximately $473.7 million, or 99.7%, of the outstanding Old Notes were tendered in the exchange offer [5] - The exchange offer is being conducted under a prospectus filed with the Securities and Exchange Commission [2] Stakeholder Information - Cantor Fitzgerald, L.P., the controlling stockholder of the Company, holds $125 million of the outstanding Old Notes but will not participate in the exchange offer [9]