Newmark Group has increased its senior unsecured revolving credit facility by 50%, taking the size to $900 million from $600 million, and pushed the maturity out nearly three years to April 17, 2030 from April 26, 2027.
The company also said it has the option to expand the facility further, up to $1.1 billion, if certain conditions are met.
Borrowings under the amended facility will carry interest at Newmark’s choice of term SOFR or a base rate. The initial margin is set at 1.625% for term SOFR borrowings and 0.625% for base rate borrowings, with those margins varying based on the company’s credit rating. At market close on April 17, the term SOFR-based borrowing rate would have been about 5.27%.
The new agreement replaces Newmark’s prior $600 million revolving credit facility, which was due to mature in April 2027. Newmark said it expects to use the enlarged facility for general corporate purposes.
Newmark generated nearly $3.3 billion in revenue over the 12 months ended December 31, 2025, and said it and its business partners operated from about 175 offices with more than 9,300 professionals across four continents as of year-end 2025. The market has reacted to these announcements by moving the company's shares -0.86% to a price of $14.91. For more information, read the company's full 8-K submission here.
