Newmark Group plans sale of senior notes to repay bank term loan

By Devika Patel

Knoxville, Tenn., Oct. 25 – Newmark Group, Inc. launched a private offering of senior unsecured notes, according to a press release.

Proceeds will be used to repay debt and intercompany loans owed to parent company BGC Partners, Inc., including the company’s $134 million bank term loan, and for general corporate purposes.

Newmark, a commercial real estate company, is based in New York.

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