NEW YORK, Sept. 25, 2019 /PRNewswire/ -- BGC Partners, Inc.
(NASDAQ: BGCP) ("BGC") today announced the pricing of its offering
of $300 million aggregate principal
amount of 3.750% 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 3.750% per
annum, on each April 1 and
October 1, beginning on April 1, 2020, and will mature on October 1, 2024. The closing, subject to
customary conditions, is expected to occur on September 27, 2019. BGC intends to use the net
proceeds for general corporate purposes, including to pay down
unsecured senior revolving credit agreement indebtedness.
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. 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 Forms 10-K, Forms 10-Q or Forms 8-K.
Media Contact:
Karen
Laureano-Rikardsen
+1 212-829-4975
Investor Contact:
Ujjal Basu Roy or Jason McGruder
+1 212-610-2426
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