Newmark Group Upsizes Senior Unsecured Credit Facility to \$900 Million and Extends Maturity to April 2030

Key Highlights for Investors

• Credit Facility Increased by 50%: Newmark Group, Inc. (Nasdaq: NMRK) has increased the size of its senior unsecured revolving credit facility from \$600 million to \$900 million, representing a significant 50% upsize.
• Maturity Extended: The maturity of the credit facility has been extended by three years, now maturing on April 17, 2030, compared to the previous maturity date of April 26, 2027.
• Potential for Further Upsizing: The company holds the right to further increase the credit facility up to \$1.1 billion, subject to certain conditions being met.
• Interest Rate Structure: Borrowings under the facility will be at Newmark’s option, either based on Term SOFR (Secured Overnight Financing Rate) plus a margin, or a base rate determined by the Administrative Agent plus a margin.
  • Initial applicable margin: 1.625% per annum for Term SOFR borrowings and 0.625% for base rate borrowings.
  • The margin can vary depending on the company’s credit rating.
  • As of April 17, 2026, the indicative interest rate for Term SOFR borrowings was approximately 5.27%.
• Use of Proceeds: The credit facility is expected to be used for general corporate purposes, giving Newmark enhanced financial flexibility and liquidity.
• Syndicate of Leading Banks: The facility was arranged by BofA Securities, Inc., with Bank of America, N.A. as Administrative Agent. Other major participating banks include Capital One, Citizens Bank, KeyBank, Lloyds Bank, NatWest, PNC, Regions, RBC, U.S. Bank, Wells Fargo, ICBC, BMO, Huntington, Comerica, Fifth Third, and Associated Bank.
• Recent Performance: For the twelve months ended December 31, 2025, Newmark generated revenues of nearly \$3.3 billion and, together with its partners, operated from approximately 175 offices with over 9,300 professionals worldwide.

What Shareholders Need to Know

• Potential Price Sensitivity:
  • The significant upsize and extension of Newmark’s credit facility demonstrates strong lender confidence in the company’s creditworthiness and growth prospects. This increased access to capital can support future expansion, acquisitions, or investments, which may positively impact share value.
  • The improved terms and longer maturity enhance liquidity and reduce refinancing risk, both of which are generally favorable to shareholders and may reduce perceived financial risk.
  • The option to further increase the facility up to \$1.1 billion provides additional flexibility for strategic initiatives, which could be value-accretive for shareholders if executed effectively.
  • Interest rates on the new facility are tied to SOFR and the company’s credit rating. Any future changes in Newmark’s credit standing could affect borrowing costs and should be monitored by investors.
• Forward-Looking Statements:
  • The company notes that statements in the release are subject to risks and uncertainties, and actual results could differ from current expectations. Investors should consider risks outlined in Newmark’s SEC filings, including Form 10-K, 10-Q, and 8-K updates.

Additional Information

• For more details, investors are encouraged to review the forthcoming SEC filings related to this credit facility amendment.
• Contact information is provided for further media and investor inquiries:
  • Media Contact: Deb Bergman, +1 303-260-4307
  • Investor Contacts: Jason McGruder or Shaun French, +1 212-829-7124

Disclaimer

This article is for informational purposes only and does not constitute investment advice. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Investors should consult Newmark’s official SEC filings and their own financial advisors before making investment decisions.

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