Newmark Group, Inc. announced a private placement of 7.500% senior unsecured notes due January 12, 2029 for the gross proceeds of $600 million on January 5, 2024. The transaction will include participation from new lender Cantor Fitzgerald, L.P. and it's affiliate for aggregate amount of $125 million and other new lenders BofA Securities, Inc., Wells Fargo Securities, LLC, PNC Capital Markets LLC, Regions Securities LLC, Goldman Sachs & Co. LLC, Citizens JMP Securities, LLC, Fifth Third Securities Inc., U.S. Bancorp Investments, Inc., BMO Capital Markets Corp., Capital One Securities, Inc., Keefe, Bruyette & Woods, Inc., Piper Sandler & Co., Raymond James & Associates, Inc., WR Securities, LLC, UMB Financial Services, Inc., Comerica Securities, Inc., ICBC Standard Bank Plc, KeyBanc Capital Markets Inc., CastleOak Securities, L.P., Santander US Capital Markets LLC.

The notes will pay interest semi-annually, on each January 12 and July 12, beginning on July 12, 2024. The notes are issued pursuant to a private offering exempt from the registration requirements Rule 135c under the Securities Act of 1933, as amended (the ?Securities Act?). The transaction is approved by the company audit committee and board of directors.

The transaction is subject to customary condition. The transaction is expected to close on January 12, 2024.