NEW YORK, July 19, 2018 /PRNewswire/ -- BGC Partners,
Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC" or the "Company") today
announced its intention to commence an offering of senior unsecured
notes, subject to market conditions and other factors. The notes
are to be offered and sold in a private offering exempt from the
registration requirements under the Securities Act of 1933, as
amended (the "Securities Act").
BGC intends to use the net proceeds from the offering to repay
revolving indebtedness incurred to repay at maturity on
July 19, 2018 all outstanding
$240 million aggregate principal
amount of the Company's 8.375% Senior Notes, which were issued by
the Company's wholly-owned subsidiary, GFI Group Inc. ("GFI") and
guaranteed by the Company as part of its acquisition of GFI. Any
additional net proceeds may be used for general corporate purposes,
which may include redemptions of the Company's 8.125% Senior Notes
due 2042.
The notes to be offered by the Company 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
Partners
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. 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 set forth in these filings and any
updates to such risk factors contained in subsequent Forms 10-K,
Forms 10-Q or Forms 8-K.
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