NEW YORK, Oct. 8, 2020 /PRNewswire/ -- BGC Partners,
Inc. (NASDAQ: BGCP) ("BGC Partners," "BGC," or the "Company"), a
leading global brokerage and financial technology company, today
announced that it had extended its offer (the "Exchange 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, previously scheduled to expire at
5:00 p.m., New York City time, on Wednesday, October 7, 2020, will now expire at
5:00 p.m., New York City time, on Wednesday, October 14, 2020, unless further
extended. $298,570,000 in aggregate
principal amount, or 99.52%, of the outstanding Old Notes were
tendered in the Exchange Offer as of 5:00
p.m., October 7, 2020.
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 businesses, 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
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