BGC Partners, Inc. Announces Launch of Exchange Offer for Its 5.375% Senior Notes Due 2019
January 23, 2015 at 02:35 am IST
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BGC Partners, Inc. announced an offer to exchange up to all $300 million aggregate principal amount of its outstanding 5.375% Senior Notes due 2019 for an equivalent amount of its 5.375% Senior Notes due 2019 registered under the Securities Act of 1933, as amended. The Old Notes were issued and sold by the Company in December, 2014, in a private offering. The exchange offer will expire at 5:00 P.M. ET on February 19, 2015, 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Tenders of Old Notes must be made before the exchange offer expires and may be withdrawn any time prior to the expiration of the exchange offer.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.
BGC Group, Inc. is a global brokerage and financial technology company servicing the financial markets. The Company, through its affiliates, specializes in the brokerage of a range of products, including fixed income, foreign exchange, equities, energy and commodities, shipping, and futures. It also provides a variety of services, including trade execution, brokerage, clearing, trade compression, post-trade, information, and other back-office services to a range of financial and non-financial institutions. Through its brands, including Fenics, FMX, FMX Futures Exchange, Fenics Markets Xchange, Fenics Digital, Fenics UST, Fenics FX, Fenics Repo, Fenics Direct, Fenics MID, Fenics Market Data, Fenics GO, Fenics PortfolioMatch, BGC, BGC Trader, KACE and Lucera, it offers financial technology solutions, market data, and analytics related to numerous financial instruments and markets. It serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments and corporations.
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