BGC Partners, Inc. (NASDAQ: BGCP) announced the closing of its offering of $450 million aggregate principal amount of 5.375% senior notes.

The notes are general senior unsecured obligations of BGC Partners, Inc. The notes will pay interest semi-annually at a rate of 5.375% per annum, on each January 24 and July 24, beginning on January 24, 2019, and will mature on July 24, 2023.

BGC intends to use the net proceeds from the offering to repay revolving indebtedness incurred to repay at maturity on July 19, 2018 all outstanding $240 million aggregate principal amount of the Company's 8.375% Senior Notes, which were issued by the Company's wholly owned subsidiary, GFI Group Inc. ("GFI"), and guaranteed by the Company as part of its acquisition of GFI. Additional net proceeds will be used for general corporate purposes, which may include redemptions of the Company's 8.125% Senior Notes due 2042.