Newmark Announces Launch of Exchange Offer For Its 7.500% Senior Notes Due 2029

Core Points - Newmark Group, Inc. announced an exchange offer for up to $475 million aggregate principal amount of its outstanding 7.500% Senior Notes due 2029 for registered Exchange Notes [4] - The exchange offer is part of the Company's obligations under a registration rights agreement related to the issuance of the Old Notes and does not represent a new financing transaction [6] - The exchange offer will expire on July 10, 2024, at 5:00 p.m. New York City time, unless extended [6] Company Details - The Company's controlling stockholder, Cantor Fitzgerald, L.P., holds $125 million of the $600 million aggregate principal amount of outstanding Old Notes and will not participate in the exchange offer [2] - After the exchange offer, the Company plans to file a shelf registration statement to allow Cantor to resell the Old Notes [2] Forward-Looking Statements - The document contains forward-looking statements regarding Newmark's business, financial position, and outlook, which are subject to risks and uncertainties [3]