NEW YORK, Oct. 25, 2018 /PRNewswire/ -- Newmark Group,
Inc. (NASDAQ: NMRK) ("Newmark" or the "Company") today announced
its intention to commence an offering of senior unsecured notes,
subject to market conditions and other factors. The notes are to be
offered and sold in a private offering exempt from the registration
requirements under the Securities Act of 1933, as amended (the
"Securities Act").
The Company intends to use the net proceeds from the offering to
repay outstanding related party debt and intercompany loans owed to
and guaranteed by its parent company BGC Partners, Inc. (NASDAQ:
BGCP) ("BGC Partners", or "BGC"), including the Company's
$134 million of bank term loan debt.
Any additional net proceeds may be used for general corporate
purposes.
The notes to be offered by the Company have not been registered
under the Securities Act or the securities laws of any other
jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from registration. This notice is issued
pursuant to Rule 135c under the Securities Act, and does not
constitute an offer to sell nor a solicitation of an offer to buy
any of these securities and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
Discussion of Forward-Looking Statements about Newmark and
BGC Partners
Statements in this document regarding Newmark
and BGC that are not historical facts are "forward-looking
statements" that involve risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements. Except as required by law, Newmark and
BGC undertake no obligation to update any forward-looking
statements. For a discussion of additional risks and uncertainties,
which could cause actual results to differ from those contained in
the forward-looking statements, see Newmark's and BGC's Securities
and Exchange Commission filings, including, but not limited to, the
risk factors set forth in these filings and any updates to such
risk factors contained in subsequent Forms 10-K, Forms 10-Q or
Forms 8-K.
Media Contact:
Karen
Laureano-Rikardsen
+1 212-829-4975
Investor Contacts:
Jason
McGruder
+1 212-610-2426
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SOURCE Newmark Group, Inc.; BGC Partners, Inc.