NEW YORK, Aug. 12, 2020 /PRNewswire/ -- BGC Partners,
Inc. (NASDAQ: BGCP) ("BGC") today announced that its previously
announced cash tender offer (the "Offer") to purchase any and all
of its 5.125% Senior Notes due 2021 (the "Notes") expired at
5:00 p.m., New York City time, on August 11, 2020 (the "Expiration Time"). As of
the Expiration Time, $43,968,000
aggregate principal amount of the Notes (14.66%) were validly
tendered. BGC expects to accept for payment all Notes validly
tendered and not validly withdrawn in the Offer and expects to make
payment for the Notes on August 14,
2020. Such tendering holders will receive the purchase price
in the amount of $1,020.00 for each
$1,000 principal amount of Notes
tendered, plus accrued and unpaid interest from the last interest
payment date to, but not including, August
14, 2020. Pursuant to the terms of the Offer, Notes not
tendered in the Offer will remain outstanding.
Goldman Sachs & Co. LLC and Cantor Fitzgerald & Co.
acted as dealer managers for the Offer. Persons with questions
regarding the tender offer should contact Goldman Sachs & Co.
LLC at (212) 902-6941 (collect), Cantor Fitzgerald & Co. at
(212) 915-1052 (collect), or the tender agent and information
agent, D.F. King & Co., Inc. at (800) 628-8510 (toll-free).
This press release does not constitute an offer to buy or a
solicitation of an offer to sell any Notes. The Offer was made
solely pursuant to the offer to purchase, dated August 5, 2020, and the accompanying letter of
transmittal and notice of guaranteed delivery. The Offer was not
made to holders of Notes in any jurisdiction in which the making or
acceptance thereof would not be in compliance with the securities,
blue sky or other laws of such jurisdiction. In any jurisdiction in
which the securities laws or blue sky laws require the Offer to be
made by a licensed broker or dealer, the Offer was made on behalf
of BGC by a dealer manager or one or more registered brokers or
dealers that are licensed under the laws of such jurisdiction.
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:
Ujjal Basu
Roy or Jason McGruder
+1 212-610-2426
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