09:48 AM EDT, 06/10/2024 (MT Newswires) -- Newmark Group ( NMRK ) said Monday it is launching an offer to exchange up to $475 million total principal amount of its outstanding 7.5% senior notes due 2029 for an equal amount of its 7.5% senior notes due 2029.

The company issued and sold $600 million of its old notes in January, Newmark ( NMRK ) added.

The exchange offer, expiring on July 10, does not represent a new financial transaction as it is only an obligation of the company under a registration rights agreement, Newmark ( NMRK ) said.

Price: 9.92, Change: +0.01, Percent Change: +0.10