Newmark Increases Senior Unsecured Credit Facility to $900 Million and Extends Maturity to 2030
Newmark Group, Inc. (NMRK) has increased its senior unsecured credit facility by 50% to $900 million and extended its maturity to April 17, 2030. The company also has the option to expand the facility up to $1.1 billion under certain conditions. The interest rates for borrowings are based on Term SOFR or a base rate, with initial margins of 1.625% and 0.625% respectively.
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Topics: corporate finance credit facility debt financing loan agreement