BuybackAug 7, 2026, 04:42 PM
Newmark Reapproves $400M Share Buyback; Updates Credit Facility
AI Summary
Newmark Group, Inc. reapproved its share repurchase authorization in February 2026 for up to $400.0 million, allowing for purchases from Cantor, its partners, or affiliates. The company also updated its credit facility on April 26, 2024, increasing the maximum revolving loan balance to $900.0 million, with an option to increase to $1.1 billion and extending its maturity to April 17, 2030. Additionally, a new employment agreement for Barry Gosin was entered into on August 7, 2024, and a Lutnick Family Voting Agreement was established on May 16, 2025, related to control of CFGM.
Key Highlights
- Share repurchase authorization reapproved for up to $400.0 million in February 2026.
- Credit facility amended on April 26, 2024, for a maximum $900.0 million revolving loan.
- Option to increase credit facility revolving loan balance up to $1.1 billion.
- Credit facility maturity date extended to April 17, 2030.
- 2024 Gosin Employment Agreement entered into on August 7, 2024.
- Lutnick Family Voting Agreement established on May 16, 2025.
- Purchaser Trusts closed purchase of CFGM voting shares on October 6, 2025.
Price Impact
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