NEW YORK, May 22, 2023 /PRNewswire/ -- BGC Partners, Inc.
(NASDAQ: BGCP) ("BGC" or the "Company") today announced the pricing
of its offering of $350 million
aggregate principal amount of 8.000% senior notes (the
"notes").
The notes will be general senior unsecured obligations of BGC.
The notes will pay interest semi-annually at a rate of 8.000% per
annum, on each May 25 and
November 25, beginning on
November 25, 2023, and will mature on
May 25, 2028. The closing, subject to
customary conditions, is expected to occur on May 25, 2023. BGC intends to use the net
proceeds, along with cash on hand and the proceeds of other
indebtedness, if any, to repurchase, redeem and/or repay its
$450 million outstanding aggregate
principal amount of 5.375% Senior Notes due July 2023, including to pay any applicable
redemption premium.
The notes were offered and sold in a private offering exempt
from the registration requirements under the Securities Act of
1933, as amended (the "Securities Act"). The notes have not been
registered under the Securities Act or the securities laws of any
other jurisdiction and may not be offered or sold in the United States absent registration or an
applicable exemption from registration. This notice is issued
pursuant to Rule 135c under the Securities Act, and does not
constitute an offer to sell nor a solicitation of an offer to buy
any of these securities and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offer,
solicitation or sale is unlawful.
Discussion of Forward-Looking Statements about BGC
Statements in this document regarding BGC that are not
historical facts are "forward-looking statements" that involve
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements. These
include statements about the effects of the COVID-19 pandemic on
the Company's business, results, financial position, liquidity and
outlook, which may constitute forward-looking statements and are
subject to the risk that the actual impact may differ, possibly
materially, from what is currently expected. Except as required by
law, BGC undertakes no obligation to update any forward-looking
statements. For a discussion of additional risks and uncertainties,
which could cause actual results to differ from those contained in
the forward-looking statements, see BGC's Securities and Exchange
Commission filings, including, but not limited to, the risk factors
and Special Note on Forward-Looking Information set forth in these
filings and any updates to such risk factors and Special Note on
Forward-Looking Information contained in subsequent reports on Form
10-K, Form 10-Q or Form 8-K.
Media Contact:
Karen Laureano-Rikardsen
+1 212-829-4975
Investor Contact:
Jason Chryssicas
+1 212-610-2426
Logo -
https://mma.prnewswire.com/media/136112/bgc_partners_inc_logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/bgc-announces-pricing-of-350-million-of-8-000-senior-notes-301831291.html