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Newmark Group Extends, Boosts Credit Facility to $900 Million
Newmark Group (NMRK) said Tuesday it has amended its revolving credit facility with an increase to $900 million from $600 million and a maturity date extension to April 17, 2030, from the original date of April 26, 2027.The company said it has the right to increase the credit facility to up to $1.1 billion, subject to certain conditions being met.Newmark said it can select how borrowings under the credit facility will bear an interest rate, either based on term SOFR for applicable interest periods as selected by the company plus an applicable margin, or a base rate to be determined by the administrative agent plus an applicable margin.Price: $16.68, Change: $+0.11, Percent Change: +0.66%
$NMRK
