Newmark Group Inc. (NASDAQ: NMRK) amended its senior unsecured revolving credit facility, increasing the size by 50% to $900 million and extending the maturity date to April 17, 2030, according to a company statement.

The commercial real estate advisor entered into the agreement on April 17. The amended facility replaces Newmark's previous $600 million revolving credit facility that was set to mature on April 26, 2027. The company has the option to increase the credit facility to $1.1 billion, subject to certain conditions.

Borrowings under the credit facility will bear interest rates based on either Term SOFR plus an applicable margin or a base rate determined by the administrative agent plus an applicable margin. The applicable margin is initially expected to be 1.625% per annum for Term SOFR borrowings and 0.625% for base rate borrowings, with rates varying based on the company's credit rating.

As of market close on April 17, the interest rate on borrowings under the facility would have been approximately 5.27%.

BofA Securities Inc. acted as the active lead arranger and bookrunner for the credit facility, while Bank of America N.A. continues as the administrative agent. The facility includes participation from multiple banks including Capital One National Association, Citizens Bank N.A., KeyBank National Association, PNC Bank National Association, and Wells Fargo Bank National Association, among others.

Newmark stated it expects to use the credit facility for general corporate purposes. For the twelve months ended December 31, 2025, the company generated revenues of nearly $3.3 billion.