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][5] Group 1: Exchange Offer Details - The exchange offer was initially set to expire on July 10, 2024, but has been extended to July 12, 2024 [4] - Approximately $473.7 million, or 99.7%, of the outstanding Old Notes were tendered in the exchange offer as of the previous expiration date [4] - The controlling stockholder, Cantor Fitzgerald, L.P., holds $125 million of the Old Notes but will not participate in the exchange offer [2] Group 2: Company Overview - Newmark is a leading commercial real estate adviser and service provider, generating approximately $2.5 billion in revenues for the year ended December 31, 2023 [7] - The company operates around 170 offices globally with a workforce of 7,400 professionals [7] - Newmark's services are tailored to a diverse client base, including institutional investors, global corporations, and various property owners and occupiers [7]