NEW
YORK, Aug. 26, 2024 /PRNewswire/ -- BGC Group,
Inc. (Nasdaq: BGC) ("BGC" or the "Company") today announced an
offer to exchange up to $500 million
aggregate principal amount of its outstanding 6.600% Senior Notes
due 2029 (the "Old Notes") for an equivalent amount of its 6.600%
Senior Notes due 2029 registered under the Securities Act of 1933,
as amended (the "Exchange Notes").
$500 million aggregate principal
amount of Old Notes were issued and sold by the Company in
June 2024 in a private offering.
The exchange offer will expire at 5:00
p.m., New York City time,
on September 24, 2024, 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offer expires and may be withdrawn any time prior to the expiration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 August 26, 2024. Copies of the
prospectus and the other exchange offer documents may be obtained
from the exchange agent:
Wilmington Trust, National Association
50 South Sixth Street, Suite 1290
Minneapolis, Minnesota
55402
Attn: BGC Group Notes Administrator
Email: DTC@wilmingtontrust.com
Facsimile: (612) 217-5651
This press release is for informational purposes only and is
neither an offer to buy or sell nor a solicitation of an offer to
buy or 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 the
Company's Registration Statement on Form S-4 (File No. 333-281372),
which was declared effective on August 23,
2024.
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 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:
Erica
Chase
+1 212-610-2419
INVESTOR CONTACT:
Jason Chryssicas
+1 212-610-2426
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SOURCE BGC Group, Inc.