BGC Group, Inc. announced an offer to exchange up to $700.0 million aggregate principal amount of its outstanding 6.150% Senior Notes due 2030 for an equivalent amount of its registered 6.150% Senior Notes due 2030.
The exchange offer will expire on September 25, 2025, unless extended.
This press release is for informational purposes regarding the exchange offer for the Company's existing Senior Notes.
Exchange Offer Details
Offer to exchange $700.0 million of Old Notes for equivalent Exchange Notes due 2030.
Expiration Date
Exchange offer expires on September 25, 2025, at 5:00 p.m. ET.
Registration Rights Agreement
Exchange offer made to satisfy obligations under a registration rights agreement.
- The exchange offer aims to provide holders of the Old Notes with an opportunity to exchange them for registered Senior Notes, enhancing liquidity for investors.
- This initiative may impact the Company's outstanding debt structure and potentially have implications on its future financing activities.
BGC's exchange offer for its Senior Notes due 2030 represents a strategic financial move to fulfill its registration obligations and enhance transparency for investors. This initiative reflects the Company's commitment to addressing its financial obligations effectively.