NEW YORK, July 8, 2020 /PRNewswire/ -- BGC Partners,
Inc. (NASDAQ: BGCP) ("BGC") today announced the pricing of its
offering of $300 million aggregate
principal amount of 4.375% 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 4.375% per
annum, on each June 15 and
December 15, beginning on
December 15, 2020, and will mature on
December 15, 2025. The closing,
subject to customary conditions, is expected to occur on
July 10, 2020. BGC intends to use the
net proceeds to repurchase, redeem and/or repay at maturity all
$300 million outstanding aggregate
principal amount of its 5.125% Senior Notes due 2021, including to
pay the applicable redemption premium. Any additional net proceeds
may be used for general corporate purposes.
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. 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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