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

$600 million aggregate principal amount of Old Notes were issued and sold by the Company in January 2024 in a private offering. The Company's controlling stockholder, Cantor Fitzgerald, L.P. ("Cantor"), holds $125 million aggregate principal amount of the $600 million aggregate principal amount of outstanding Old Notes. Cantor will not participate in the exchange offer. After the completion of the exchange offer, the Company intends to file a shelf registration statement to enable Cantor to resell such Old ...