Business UpdateMay 8, 2026, 04:08 PM
Newmark Group Details Recent Acquisitions, $400M Buyback Reapproval
AI Summary
Newmark Group's 10-Q filing includes a glossary of terms and forward-looking statements, detailing recent corporate actions and risks. Key updates include the acquisition of Altus Group Limited's appraisal business in Canada on March 2, 2026, and Catella Valuation Advisors SAS in Paris on November 24, 2025. The company also reapproved its share repurchase authorization for up to $400.0 million in February 2026 and amended its unsecured senior revolving credit agreement on April 26, 2024, increasing the maximum revolving loan balance to $900.0 million. Additionally, the filing references the 2024 Gosin Employment Agreement and the Lutnick Family Voting Agreement.
Key Highlights
- Acquired Altus Group Limited's appraisal business in Canada on March 2, 2026.
- Reapproved share repurchase authorization for up to $400.0 million in February 2026.
- Acquired Catella Valuation Advisors SAS in Paris, France on November 24, 2025.
- Amended credit agreement on April 26, 2024, for $900.0 million revolving loan.
- Issued $600.0 million in 7.500% Senior Notes due January 12, 2029.
- Entered into Lutnick Family Voting Agreement on May 16, 2025.
- Noted the 2024 Gosin Employment Agreement from August 7, 2024.