NEW YORK, Sept. 9, 2020 /PRNewswire/ -- BGC Partners, Inc.
(NASDAQ: BGCP) ("BGC Partners," "BGC" or the "Company"), a leading
global brokerage and financial technology company, today
announced an offer to exchange up to $300
million aggregate principal amount of its outstanding 4.375%
Senior Notes due 2025 (the "Old Notes") for an equivalent amount of
its 4.375% Senior Notes due 2025 registered under the Securities
Act of 1933, as amended (the "Exchange Notes").
The Company issued and sold $300
million in aggregate principal amount of the Old Notes in a
private offering in July 2020.
The exchange offer will expire at 5:00
p.m., New York City time,
on Wednesday, October 7, 2020, unless
extended. Tenders of Old Notes must be made before the exchange
offer expires and may be withdrawn any time prior to the expiration
of the exchange offer. The exchange offer is being made to satisfy
the Company's obligations under a registration rights agreement
entered into in connection with the issuance of the Old Notes and
does not represent a new financing transaction.
The terms of the exchange offer are set forth in a prospectus
dated September 9, 2020. Copies of
the prospectus and the other exchange offer documents may be
obtained from the exchange agent:
|
|
Wells Fargo Bank,
N.A.
Corporate Trust Operations
MAC N9300-070
600 South Fourth Street
Minneapolis, MN 55402
Telephone: 1-800-344-5128
|
This press release is for informational purposes only and is
neither an offer to buy nor a solicitation of an offer to sell any
Old Notes or Exchange Notes. The exchange offer is being made only
pursuant to the exchange offer prospectus, which is being
distributed to holders of the Old Notes and has been filed with the
Securities and Exchange Commission as part of BGC's Registration
Statement on Form S-4 (File No. 333-248472), which was declared
effective on September 8, 2020
About BGC Partners, Inc.
BGC Partners is a leading
global brokerage and financial technology company. BGC specializes
in the brokerage of a broad range of products, including fixed
income (rates and credit), foreign exchange, equities, energy and
commodities, shipping, insurance, and futures. BGC also provides a
wide variety of services, including trade execution, brokerage,
clearing, trade compression, post-trade, information, and other
back-office services to a broad range of financial and
non-financial institutions. Through brands including Fenics, BGC
Trader, Capitalab, Lucera, and Fenics Market Data, BGC offers
financial technology solutions, market data, and analytics related
to numerous financial instruments and markets. BGC, BGC Trader,
GFI, Fenics, Fenics Market Data, Capitalab, and Lucera are
trademarks/service marks and/or registered trademarks/service marks
of BGC Partners, Inc., and/or its affiliates.
BGC's customers include many of the world's largest banks,
broker-dealers, investment banks, trading firms, hedge funds,
governments, corporations, and investment firms. BGC's Class A
common stock trades on the NASDAQ Global Select Market under the
ticker symbol "BGCP". BGC is led by Chairman of the Board and Chief
Executive Officer Howard W. Lutnick.
For more information, please visit http://www.bgcpartners.com. You
can also follow BGC at https://twitter.com/bgcpartners,
https://www.linkedin.com/company/bgc-partners and/or
http://ir.bgcpartners.com/Investors/default.aspx.
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 Contacts:
Jason Chryssicas or Grant Filer
+1 212-610-2426
Logo -
https://mma.prnewswire.com/media/136112/bgc_partners_inc_logo.jpg